COLD CALL SCAM: Gold Coast man charged with laundering $950K

A man has been charged with laundering $950,000 in a cold call investment fraud network on the Gold Coast.

The 55-year-old man was arrested at his home in Southport on Wednesday following an ongoing investigation into the scam.

He was charged at Southport Watchhouse yesterday and is due to appear in the Southport Magistrates Court on March 20.


ARTICLE CONTINUES AFTER THIS ADVERTISEMENT


Police say it’s alleged the man was involved in the laundering of money obtained from cold call investment companies operating on the Gold Coast between late 2014 and 2015.

The companies were owned and run by an OMCG member.

Five other people, including a 23-year- old former member of the Gold Coast ‘Finks’ OMCG and a 37-year-old computer software developer have already been charged over the operation which defrauded victims of more than $2.7 million.

Investigations are ongoing.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments