Wannabe rapper confronted over $700k worth of missing gold

There's a mystery involving a part-time rap artist, a celebrity nutritionist, a federal politician's husband and $700,000 worth of missing gold bullion.

Wannabe rapper Abdel Ghadia, also known as Slimmy, told police he woke up to find $760,000 in his bank account - and he didn't hold back spending the money that clearly didn't belong to him.

Ghadia splurged $700,000 on gold bars and coins before police arrested him last year.

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The huge windfall came courtesy of Instagram nutritionist Tara Thorne and her husband Corey, who were buying a house on Sydney's Northern Beaches.

The couple thought they were dealing with their mortgage broker Adam Magro over email when in fact, Magro's email account had been hacked by a scammer.

The Thornes were told to transfer their $760,000 house deposit into Ghadia's bank account.

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Mortgage broker Magro is married to federal MP Sophie Scamps.

He's also a former Wallaby who insists he didn't drop the ball.

"It was a very sophisticated scam, my identity was stolen," Magro told A Current Affair.

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"The fraudster sent his bank account details to Corey and Tara and unfortunately it was a very compelling fraud."

Police agreed and arrested Ghadia as part of a major crackdown on a ruthless cybercrime syndicate.

However, court documents revealed there is no indication Ghadia was involved in the money transfer.

Intriguingly, the documents also state police have not recovered the $700,000 worth of gold the rapper bought.

Ghadia pleaded guilty to handling proceeds of crime so A Current Affair swung by to see him for the skinny.

For the full story, watch the video above.