Man charged over $5 million fraud

A MAN from north of the Coast has been charged over a fake superannuation scam that robbed Queenslanders out of over $5 million.

Police allege the 47-year-old from Shailer Park defrauded approximately 40 people out of $5.23 million over a period of time.

He’s accused of luring clients to invest money in a fraudulent self-managed superannuation fund over before blwoing the money through gambling.


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He will appear in Cleveland Magistrates Court today on 49 counts of fraud.

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