THREE directors of Gold Coast based Members Alliance Group have been charged with fraud following an ongoing investigation into a cold-call property investment scam.
Police say it’s alleged the trio dishonestly induced victims to deliver over $2.2 million for the construction of houses in Queensland and New South Wales.
The scam involved cold calling members of the public across Australia and selling them home and land packages as investment.
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The Members Alliance Group ceased trading in July 2016 and many victims were left without insurance to complete homes.
The trio, aged 67, 64 and 52, were conjointly charged yesterday with dishonestly causing a financial detriment to persons investing in properties.
It comes after the 52-year-old was arrested on Tuesday February 20 and charged with dishonestly inducing victims to deliver money into accounts he controlled.
The 52-year-old has been bailed to appear in Brisbane Magistrates Court this morning.