A mother and daughter, allegedly part of a highly sophisticated criminal syndicate, have been arrested in Sydney, Australia, for orchestrating a massive fraud scheme targeting vulnerable members of the Vietnamese community. The duo, aged 53 and 25 respectively, are accused of scamming nearly A$70 million (approximately $46 million) through deceptive practices, including posing as a fortune teller and feng shui master. The mother allegedly convinced victims to take out loans by promising them a future as billionaires, while keeping a significant portion of the funds for herself. The pair were arrested at their multi-million-dollar mansion in the exclusive suburb of Dover Heights, where police seized luxury items, financial documents, and a 40-gram gold bar worth A$10,000. The mother faces 39 charges, including directing a criminal group and obtaining financial advantage by deception, while her daughter faces seven charges related to money laundering and involvement in criminal activities. The investigation, led by NSW Police’s Strike Force Myddleton, has uncovered a broader syndicate involved in large-scale fraud and money laundering, with assets worth A$75 million already frozen. The case, dubbed the Penthouse Syndicate, is believed to be one of the largest financial crime operations in Australia, involving corrupt bank staff and fraudulent loans to purchase luxury properties.