A Gold Coast man has been charged after allegedly targeting “mum and dad” investors in a $24 million fraud case.
The local businessman was taken into custody in Hope Island on Monday following a 10-month NSW police operation.
The 40-year-old was successfully extradited to NSW yesterday and has been refused police bail.
NSW police launched Strike Force Wooroonga after receiving a report in July last year, that a man had allegedly misappropriated his clients’ investments.
Crime Manager, Detective Chief Inspector Paul Albury, says they will allege the man targeted ‘mum and dad-type’ investors as well as other business owners.
“This arrest is the result of almost a year’s persistence and hard work by the Camden PAC detectives, assisted by our colleagues in the Queensland Police Service,“ Det Ch Insp Albury said.
“We encourage anyone who believes they have been the victim of a crime such as this to contact police.”
He’s charged with dishonestly obtaining financial advantage etc by deception and will front Tweed Heads Local Court today.
