Luxury cars worth more than $600,000 have been seized and five people charged in a months-long fraud investigation in Victoria.

Investigators will allege the five were involved in a scheme using fake ID documents to submit loan applications for money to buy high-end cars which they then sold for profit.

Four luxury cars were seized during the six-month investigation, including an Audi RS7 valued at $219,880, a Toyota Landcruiser valued at $144,990, a Land Rover Defender valued at $159,990, and a Mercedes Benz C Class AMG valued at $98,000.

Five people have been charged and luxury cars worth more than $600,000 seized in a Melbourne fraud investigation. (9News)

Police also carried out search warrants in Wollert, in Melbourne’s north, yesterday.

A 54-year-old Wollert woman was charged with obtaining financial advantage by deception, while a 28-year-old Wollert man was charged with dealing with the proceeds of crime.

They were bailed and will appear in court on February 3.

A 27-year-old man from Donnybrook was charged with dealing with the proceeds of crime and will be summonsed.

The five people charged will face court. (9News)

Previous search warrants were executed in Wollert on November 5 last year, Tullamarine and Craigieburn on November 15 last year, and Donnybrook on December 13 last year, police charged two people.

On January 1, a 26-year-old Wollert man and a 23-year-old Roxburgh Park man were both charged with obtaining financial advantage by deception.

They will appear in court on May 12.

Anybody with further information is urged to contact Crime Stoppers on 1800 333 000 or online.
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