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Two men have been charged and several luxury sports cars have been seized in Sydney after two companies were allegedly defrauded more than $5.5 million in a cryptocurrency scam. 

Key points:

  • Luxury cars worth about $2.7 million have been seized
  • The alleged cryptocurrency scam dates back to 2021
  • A 67-year-old man has been granted conditional bail over his alleged part in the fraud

Fabio Sa Alves, 39, was stopped and arrested while driving in Cromer, in Sydney’s northern beaches, on Friday, according to NSW Police. 

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