Investigations conducted by detectives from Taskforce Maxima’s Criminal Economy Unit have resulted in the arrest of a 49-year-old man after he tried to sell a fraudulent investment opportunity to a police investigator.
Yesterday, investigators took overt action following the investigation into the sale of predictive stock market software by a Gold Coast company.
Detectives became aware of the activities of the company after an officer from the Criminal Economy Unit was cold called by a person purporting to be a business manager with the company.
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Although the man purported to reside in Sydney, investigators were able to establish he resided on the Gold Coast.
“The QPS is committed to identifying and prosecuting those who commit these offences. The recent actions of the Fraud and Cyber Crime Group demonstrates our united approach to these crimes. Those involved in cold call investment frauds are very adept in the art of persuasion. However, despite their slickness, nothing could prepare them for reaching a police investigator on the other end of the phone,” Detective Inspector Phillip Stevens of the Criminal Economy Unit said.
Anyone receiving brochures or telephone calls about investment opportunities that seem too good to be true should be extremely wary.
“We will be relentless in our efforts against these criminal organisations regardless of where they are operating,” he said.
The man was charged with attempted fraud and will appear in the Southport Magistrates Court this morning. Approximately $80,000 was also seized from bank accounts operated by the company.