Three Gold Coast company directors, aged 67, 64 and 52 have been charged with fraud following the 11-month investigation conducted by the QPS Financial and Cyber Crime Group, the Queensland Building and Construction Commission and Australian Securities and Investments Commission, Queensland Police say.
This follows the arrest of the 52-year-old man on Tuesday, February 20 with dishonestly inducing victims to deliver money into accounts he controlled.
Yesterday the 67 and 64-year-old men were charged (and 52-year-old man further charged) with dishonestly causing a financial detriment to persons investing in these properties.
Operation Oscar Monkshood involved the investigation of the Directors of the Gold Coast based Members Alliance Group. It is alleged they dishonestly induced victims to deliver over $2.2 million for the construction of houses in Queensland and New South Wales.
The investment scam operated by Members Alliance Group cold calling members of the public across Australia and selling them home and land packages as investment.
The investigation involved building companies owned by the Members Alliance Group, including Image Building Group and Silverback Constructions.
The Members Alliance Group ceased trading in July 2016 and many victims were left without insurance to complete homes.
All three men have been charged conjointly. The 52-year-old man has been bailed to appear in Brisbane Magistrates Court this morning.
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