Five alleged scammers to face Southport court today

Five people charged with fraud and money laundering will face Southport court today.

It’s alleged the group scammed about 2000 people across the country – scamming over $30 million in investments over three years.

Investigators found many of the victims were older people with access to retirement savings.


ARTICLE CONTINUES AFTER THIS ADVERTISEMENT


They are still following the money trail to see whether any of the losses can be recovered.

Police say it took two-years to close the operation – and involved multiple agencies

Those charged were a 42-year-old Brisbane City man, a 42-year-old Surfers Paradise man, a 38-year-old Mermaid Beach man, a 41-year-old Ashmore, while a 41-year-old Burleigh Heads man has been charged with money laundering.

Police allege the five arrested were either the principal players behind the scam or involved in the laundering of victims’ money.

Company names used by the syndicate include ESL, Eurosoft, OWS, OW Sydney, One Wealth, GTA, GlobalTech, GTA Australia, GT Australia, GT Alliance, TRP, TRP Solutions, Thorne Roberts Price and Thomson Rowe Partners.

Police said the scam involved high pressure sales tactics and offering victims incredible returns on share market investments through a computer program.

They said the scam was supported by bogus websites containing fake information about the product and companies.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments