A 50-year-old Tugun man has today been charged following a three-year investigation conducted by the Queensland Police Service’s Financial and Cyber Crime Group in collaboration with the Queensland Building and Construction Commission, Queensland Police say.
Operational North Sunbound involved an investigation into the Directors of Gold Coast based N1 Homes Pty Ltd.
It is alleged they dishonestly induced victims to deliver over $2.628 million for the construction of houses in Queensland. All victims are from outside of Queensland
The investigation also involved building companies owned by N1 Homes Pty Ltd who were building investment homes and targeting interstate investors.
In September 2015 the Queensland Building and Construction Commission (QBCC) suspended the building licence of N1 Homes Pty Ltd. Following this action, N1 Homes Pty Ltd went into liquidation and at this time had not completed any of building projects undertaken.
The 50-year-old man was charged with 12 charges of serious fraud. He is due to appear in the Brisbane Magistrates Court tomorrow morning. He is the third Director of N1 Homes Pty Ltd to be charged. The other two Directors are currently before the courts.
"These investigations are complex and can be protracted. But this investigation, conducted over three years and in collaboration with the QBCC clearly highlights our commitment to prosecuting those elements of the community responsible for ripping off everyday Australians.
"I would encourage everyone thinking of investing their money to conduct as much research as they can before parting with their earnings. People have not only lost money in this situation, they have lost what they thought was their dream home and they are bitterly disappointed. We remain committed to bringing those responsible before the courts," Detective Superintendent Terry Lawrence of State Crime Command’s Financial and Cyber Crime Group said.
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