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You are here: Home News and media CCC media releases Two men sentenced for "boiler room" scam money laundering - 12 September 2017
You are here: Home News and media CCC media releases Two men sentenced for "boiler room" scam money laundering - 12 September 2017
You are here: Home News and media CCC media releases Two men sentenced for "boiler room" scam money laundering - 12 September 2017

Two men sentenced for "boiler room" scam money laundering - 12 September 2017

A Gold Coast accountant and a company owner yesterday pleaded guilty to money laundering involving an alleged "boiler-room" investment fraud.

The 45-year-old accountant Anthony Restaino and the 69 year-old company owner Graeme Dwyer both pleaded guilty to one count of dealing with property reasonably suspected of being proceeds of crime worth $100,000 or more contrary to section 400.9 of the Commonwealth Criminal Code.

Each of the men were sentenced to 12 months imprisonment but were released immediately upon entering into a $200, two-year good behaviour bond.

The charges related to Operation Lima Violin II, a joint investigation conducted by the Crime and Corruption Commission (CCC) and the Queensland Police Service.

The indictment was presented in Southport District Court by the Commonwealth Director of Public Prosecutions.

The two men admitted to dealing with money from a suspected “boiler-room” investment fraud.

A number of other people have been charged in relation to Operation Lima Violin II and their matters are before the court.

As matters relating to Operation Lima Violin remain before the court, it is not appropriate for the CCC to comment further.

The CCC is an independent agency combating major crime and reducing corruption for the benefit of the Queensland community

--ENDS--

For updates follow the CCC: @CCC_QLD

Last updated: 12 September 2017
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