LOAN FRAUD LINKED TO DRUG HOUSES – Monday April 1 2013

– A rogue home loan broker obtained more than $17 million of fraudulent loans for clients, some of whom used the money to buy marijuana grow houses, police allege.
Investigations are continuing into Kieu Thi Thanh Huynh, who has approved more than $100 million in loans in the past seven years, and her clients. The 43-year-old, also known as Kim Huynh, has been charged with 93 counts of obtaining financial advantage by deception, making false documents and using false documents.
A further 30 people have been charged with one count each of obtaining financial advantage by deception, making false documents and using false documents as part of the police operation codenamed “Squid”.
Those charged are of Vietnamese origin and range from 21 to 68 years old. They were arrested between February 25th and March 8th.
The alleged scammers have been bailed to appear at the Melbourne Magistrates Court for a committal mention on May 24th.
A police spokeswoman said there may be more arrests.
Police executed five search warrants at three houses in St Albans, Sunshine and Sunshine North on February 25th, seizing computers, financial documents, phones and jewellery.
Grow houses bought with loans allegedly obtained by Ms Huynh were uncovered during Operation Taxa, which has resulted in millions of dollars worth of marijuana and property being seized from dozens of houses, mostly in Melbourne’s north-west.
Police will allege loan documents linked to Ms Huynh were found in several of the houses.
Officers from the Criminal Proceeds Squad and E-Crime Squad, along with forensic accountants, are involved in the investigation.
Fairfax Media reported last year that grow houses raided during Operation Taxa had mostly been linked to Vietnamese crime families, who were increasingly buying houses in new residential estates in Melbourne’s outer suburbs as opposed to renting them.
The trend had shown the increased financial clout of marijuana traffickers, police said at the time.
Head of the Criminal Proceeds Squad Detective Senior Sergeant Andrew Kerr said the squad had seized $25.2 million worth of property linked to marijuana in 2012, an increase of about $700,000 compared with the previous year.
He said the squad had detected that a significant amount of money was being sent overseas by those involved in the marijuana trade in Victoria. “This is money that is being sent overseas by people that would appear to have no legitimate sources of income in Australia.
“A lot of these people are on Centrelink benefits, yet somehow managed to send significant amounts of money overseas. How is that happening? And why is that happening? – Niño Bucci

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About Jumpin' Jack Cash

Deep connections are the most important aspect of my existence. I don’t care if people don’t know what they want. I love books. I’m cynical of love stories, although I’m romantic. I adore gardens. I like women who challenge me. I love the rain as an excuse to stay inside and dream. I'm furiously impatient. If I ask you a question best to tell me the truth as I'm likely to already know the answer. I'm a carnivore. I continuously underestimate the magic of fresh flowers in my home. I love warm rain in the summer. My mood elevates to epic proportions when the sun shines. Tell me not to do something and I'll do it twice and take photos. Running is my antidepressant. I loathe lies. I rarely forgive a lie. Loyalty and honesty are my most noble virtues, and I value them more than anything in other people. I love to love, and am able to fall in love very quickly, although it's only ever happened once. I understood myself and fixed myself only after destroying myself. My greatest excitement comes from deliberately getting lost in foreign cities. I can be extremely loud and frighteningly silent. I hate insinuations. I love storms. Justice for all. I'm a proud man, but welcome the influence of the feminine soul. I have two sisters. I’m a dreamer. I’m a deep thinker. Don’t deal with guilt trips or drama that well. I'm extremely stubborn and persistent. I'm brilliant at keeping secrets. I love driving. I become absolutely and completely lost while watching a burning fire. When the toast pops from the toaster I’m never ready and shit myself. I play the guitar, but require much improvement. Solitude and warmth of the sun are perfect together. I’ve been married once and now divorced. I’m a music junkie. Chocolate mousse is the shit. I curse too much. I find it difficult to make friends. I spent four years as a firefighter. I’ve run my own company since 1991. Bright lights, big cities. I’ve been an executive producer of a feature film. Some people don’t care, and that’s the biggest let-down of the human race. There are cures and solutions for many evils, but no remedy for the worst of them all - the apathy of human beings. The sound of the Italian language being spoken is as good as my favourite music. I hate corrupt cops. I relentlessly and passionately pursue anybody and anything that sets my soul on fire. I'm a dog lover, and all my dogs are considered family members. I have an obsession with photography. I have some close friends who are household names, but shall always remain anonymous. I’m crazy but not lazy. Losing a soulmate has hurt me badly. My two young sons are the nucleus of my universe. I love airports. I love freedom. If you are dishonest or disloyal, I can erase you from my life and memory immediately and permanently. I yearn to explore, dream about and discover as many friendships, deep connections and places, one possibly can in a lifetime.
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