Police are warning Aussies to be aware of scams, after a group of people have been charged after allegedly defrauding hundreds with a crypto-currency scam operating out of the Gold Coast.
Three men and two woman – all from the Gold Coast – were arrested during Mat and August this year, charged with fraud and money laundering offensives.
Detectives alleged over 100 Australian victims were tricked into thinking their investments (which totaled over $2.7million) had produced a significant profit, which never existed.
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Victims were contacted with the opportunity to invest in ‘Exmount Holdings Group’, a legitimate appearing company with a website, call centre and sales staff .
Victims were offered a trial investment, with the promise of generous returns once they had invested more funds.
Though, Detective Superintendent Terry Lawrence of the State Crime Command’s Financial and Cyber Crime Group says if they wanted to withdraw money, they could not.
“Their money had gone and any attempt they made to contact one of the companies or their staff was unsuccessful,” Detective Superintendent Lawrence said.
Other companies and websites attached to this scam included “Exmount Holdings Ltd”, “The Quid Pro Quo Foundation”, “The Atlas Group”, “AFG Associates Pty Ltd”, “tradex123”, “exmounttrading”, “atlasfxgroup” and “amazonqus”.
“While these arrests are significant and a step forward in a complex and protracted investigation, we are continuing to conduct enquiries.
“We would like to speak with anyone who feels they may have fallen victim to this criminal activity or may have information that could assist our enquiries.
“The Financial and Cyber Crime Group continue efforts to investigate and disrupt serious and organised fraud impacting on the community of Queensland.
“We ask the community to remain resilient against this type of offending.
“Always be wary of and maintain control of your finances. Ask yourself if you are in control of these transactions, be wary of any unsolicited telephone calls or emails offering investment opportunities and seek independent advice from friends, family or financial advisors,” Detective Superintendent Lawrence said.
To learn more about scams, click here.
You can also report information about crime anonymously to Crime Stoppers by calling 1800 333 000 or via crimestoppersqld.com.au 24 hours per day. Crime Stoppers is a registered charity and community volunteer organisation.