Five charged over Gold Coast cold call investment scam

FIVE men have been charged over a cold call investment scam which allegedly ran out of the Gold Coast, costing victims hundreds of thousands of dollars.

Detectives from the Financial and Cyber Crime Group, State Crime Command charged the group following a mammoth investigation known as Operation Quebec Scaling.

It investigated two businesses who were alleged to be operating the scam between 2013 and 2015 and taking over $330,000.


Police will allege the companies, which appeared legitimate, tricked victims into thinking their investment had produced significant profit but they were required to make additional payments to have funds released. However, the investment didn’t deliver and profits never existed. Victims never received any funds and were left heavily out of pocket.

The five men – aged between 45 and 75 – have each been charged with 11 counts of fraud – dishonestly induces delivery of property. One man is due to appear in the Southport Magistrates Court tomorrow, with the others due to appear in the coming weeks.

“We ask the community to remain alert to and resilient against this type of offending. Always seek independent financial advice concerning any unsolicited telephone calls or emails offering investment opportunities,” Detective Superintendent Terry Lawrence of the Financial and Cyber Crime Group said.

“Through the QPS campaign, R U in Control, we continue to provide updates on the latest scams and offer simple measures on how people can avoid financial and cyber crime.”

Members of the public can learn about scams at or the Queensland Police Service’s R U in Control campaign at If you have information for police, contact Policelink on 131 444 or provide information using the online form 24hrs per day.