A Ferrari seized in a hidden assets investigation. October 2015 (photo: OM) - Credit: A Ferrari seized in a hidden assets investigation. October 2015 (photo: OM)
Friday, October 30, 2015 - 16:40
Hidden assets investigation nets 11 arrests; Ferrari, Aston Martin seized
An investigation into a debit and credit card scheme has led to the arrest of 11 suspects and the police seizing major luxury assets, including a Ferrari California HS, an Aston Martin Rapide S and a Suzuki Boulevard motorcycle. The criminal investigation conducted by the Public Prosecutor's National Office is investigating charges of money laundering and tax fraud. For this investigation the Dutch authorities had to investigate millions of transactions of foreign cards paying for things in the Netherlands. This led to the arrest of these eleven suspects, with more arrests expected to follow, the Financieele Dagblad reports During the search of four homes in the Haarlem vicinity, two homes in the Rotterdam surrounds, two homes in Zoetermeer and two in the Eindhoven vicinity, a total of seven men and four women were apprehended. The male suspects are between the ages of 59 and 73, and their females compatriots are between 57 and 73 years of age. During raids conducted by police, the 245,000 euro Ferrari and 260,000 Aston Martin were seized along with some 90,000 euros in cash, reported the Public Prosecutors website. All the defendants are said to have tens of thousands in foreign debt, cashed from ATM’s, in addition to large department store purchases made by card, totaling around 7,000 euros.