A woman in Sydney has been charged with a multimillion-dollar mortgage fraud scheme to launder funds for a crime gang involved in the illegal tobacco trade. Xiaoli Xue is accused of inflating her income to secure 10 home loans worth nearly $7 million since 2020, and then using the repayments to launder money for organised criminals. Police raided two properties and seized $2.5 million worth of cigarettes, cash, and a luxury SUV. The seized assets have been frozen and the state of NSW will attempt to recover the alleged criminal proceeds.