Yi Feng, 19, a student at the University of NSW but originally from Beijing, was taken into custody on Friday after his appearance at the Downing Centre District Court.
On October 23
last year, Feng pleaded guilty to possessing proceeds of crime in
excess of $100,000 after making 68 deposits totalling $4,056,930, the Sydney Morning Herald reported.
According to
the statement of facts, Feng arrived in Australia a tourist visa in July
2014, and within two weeks was taking cash to banks.
He spread the money over at least a dozen Commonwealth Bank and Westpac accounts around the country.
By December 2014, the 68 such deposits between $20,000 and $80,000 each time, had totalled $4,056,930.
Feng was acting under orders from someone known as ‘brother’, and communicating with him via social networking app WeChat,
‘Feng was willing to travel to deposit money and he structured his lifestyle and attendance at university around this travel by skipping classes that he considered unimportant,’ the agreed facts state,’ the Sydney Morning Herald reported.
After weeks of investigations Feng was arrested on December 8, 2014, in Rhodes in Sydney’s inner-west.
In court on Friday Feng said through a translator that he thought his lawyers was ‘just going to turn up’, when asked where his representation was.‘No you didn’t – you haven’t spoken to him for months,’ the presiding judge, Anthony Blackmore, replied after viewing the file.
Feng will return to court on June 16 for sentencing.
Source: DailyMail
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