A Gold Coast lawyer has been charged with various finance crimes offences over a $3 million cold call investment fraud.
The 43-year-old man has been charged with two offences under the Financial Transactions Reports Act (failing to comply with mandatory cash transaction reporting) and a further charge of dealing with money reasonably suspected of being proceeds of crime.
On Thursday, detectives from State Crime Command’s Organised Crime Gangs Group served documents on the man, requiring he appear before the Southport Magistrates Court on December 13.
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Police say the charges are the result of investigations into two companies, ‘Keystone Finance Pty Ltd’ and ‘Prestige Capital Australia Pty Ltd’ both alleged to have been involved in a cold call investment fraud operation on the Gold Coast between 2014 and 2016.