A MAN accused of laundering over half-a-million dollars through bank accounts over a nine month period as part of a dodgy online investment scheme has been arrested on the Gold Coast.
Investigators from Taskforce Maxima’s Criminal Economy Unit today arrested a 25-year-old Gold Coast man for his alleged involvement in the M6 Security Group company fraud – a fraudulent online investment scheme where the offenders leveraged off a legitimate investment company by cloning its website, taking over the persona of its directors and encouraging investors to participate in an array of investment options.
It is alleged the man was involved in laundering over $500,000 cash through bank accounts he operated during a nine month period in 2013.
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Police allege the man was a member of the Bandido’s Criminal Motorcycle Gang at the time of his involvement. It is the second arrest of a Criminal Motorcycle Gang member during this investigation and the fifth arrest in total.
He has been charged with one count of money laundering.
“We allege the man was involved in the registering of a company and also setting up bank accounts connected to the fraud,” Detective Senior Sergeant Jason Gough of Taskforce Maxima stated.
“This arrest continues to reinforce our commitment to disrupting and dismantling the criminal activities of these gangs and of the individuals within the gangs. This includes ongoing investigations into CMG-related individuals who are currently or have previously held office bearer positions within registered companies,” he said.
The man will be appearing in the Southport Magistrate Court tomorrow.