Report: The Block apartment seized over insider trading

The Albert Park apartment renovated by The Block‘s Alisa and Lysandra has been frozen as an asset in a joint sting by Australian Federal Police and the Australian Securities and Investments Commission, according to media reports.

Lukas Kamay, who bid $2.375 million for the three-bedroom apartment, faced Melbourne Magistrate’s Court on Friday on seven charges of insider trading, corruption of a public official and money laundering.

Fairfax reports he put down a $500,000 deposit for the O’Grady Street property, but he is accused of paying Australian Bureau of Statistics employee, Christopher Hill, between $50,000 and $60,000 to obtain unreleased ABS information to make millions of dollars on foreign exchange markets.

The pair were arrested on Friday.