Northern Territory Fraud Squad detectives arrested two people they allege were involved in a Ponzi scheme involving Automatic Teller Machines.
Detective Superintendent Karen Sanderson said the scheme involved customers buying into a share of an ATM that didn’t exist or was owned by someone else, Northern Territory Police say.
"Police will allege the two offenders fraudulently obtained approximately $800,000 from investors."
A 32-year-old male and 26-year-old female were arrested yesterday in Darwin’s northern suburbs and both have been charged with seven counts of criminal deception.
They will appear in Darwin Local Court today.
"NT Police believe there may be other victims of this scheme in the Territory and we urge anyone who has invested in an ATM in the past two years, who may have concerns about their investment, to please contact police on 131 444 or call Crime Stoppers.
"Anyone who has used these ATMs for transactions have not been affected by this scam," Detective Superintendent Sanderson said.
Investigations are continuing.
