As part of continued efforts to target those who prey on members of the public using cold call investment fraud tactics, police from the Financial and Cyber Crime Group, with assistance from the Drug and Serious Crime Group and Major and Organised Crime Squad, yesterday arrested five men for their alleged involvement in cold call investment fraud on the Gold Coast., Queensland Police say
Following protracted investigations on the Gold Coast police executed a search warrant on a Bundall office yesterday, February 13, 2018.
Police will allege the cold call investment fraud scam used business names Exelon Group Pty Ltd and Cold Trading International Pty Ltd based on the Gold Coast.
During the search a quantity of computers, mobile phones and documents were seized by police.
Five Gold Coast men aged 55, 52, 33, 30 and 25 years have been charged with fraud – dishonesty induces delivery of property over $100,000.
The 25-year-old man was further charged with contravene order about information necessary to access information store electronically.
All five men will appear in Southport Magistrates Court today.
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