Two women, including one claiming to be a fortune teller and feng shui master, have been charged for allegedly defrauding $70 million from a "vulnerable" Vietnamese community in Sydney.

Police alleged a 53-year-old woman exploited clients by persuading them to take out financial loans — keeping a share for herself — based on a prediction there was a "billionaire" in their future.

The fraud was allegedly orchestrated with assistance from a 25-year-old woman.

About 6am on Wednesday, strike force detectives — with assistance from Raptor Squad — executed a search warrant at an address in Dover Heights and arrested the two women.

Police seized financial documents, mobile phones, electronics, luxury handbags, more than $6,000 in casino chips and a 40-gram gold bar worth $10,000.

The NSW Cri

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