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Four Rolex watches, €10,000 and designer clothes have been seized as part of a money laundering investigation.
Police scoured homes in Shipman Avenue, Canterbury, and another in Greenwich to find a stash of expensive items.
A 52-year-old woman and three men in their 20s were arrested on suspicion of fraud offences.
The search was prompted after a number of businesses and individuals reported they had lost thousands after responding to fraudulent emails.
All four of those arrested in the early hours of Tuesday have been released on bail pending further inquiries.
Detective chief inspector Patrick Milford said: "This was a substantial find with designer clothes, jewellery, watches and approximately 10,000 Euros being seized.
"We remain committed to taking action against those involved in complex fraud cases and will be making an application under the Proceeds of Crime Act to hold these goods whilst enquiries continue."