Detectives from the Taskforce Maxima Criminal Economy Unit have charged a 55-year-old Southport man for his role in a cold call investment fraud network, Queensland Police say.
On Wednesday, detectives attended the Southport home and arrested the man.
It is alleged the man was involved in the laundering of money obtained from cold call investment companies operating on the Gold Coast between late 2014 and 2015. The companies were owned and run by an OMCG member.
Police have previously arrested five other people with a range of fraud and money laundering offences relating to the activities of the two companies. These previous arrests include a 23-year- old former member of the Gold Coast ‘Finks’ OMCG and a 37-year-old computer software developer. It is alleged victims collectively lost approximately $2.7million.
The 55-year-old man has been charged with laundering approximately $950,000. He was charged at Southport Watchhouse yesterday and is due to appear in the Southport Magistrates Court on March 20.
Investigations are ongoing.
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