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You are here: Home News and media CCC media releases Cold-call investment fraudster to face money laundering charge - 27 July 2016
You are here: Home News and media CCC media releases Cold-call investment fraudster to face money laundering charge - 27 July 2016
You are here: Home News and media CCC media releases Cold-call investment fraudster to face money laundering charge - 27 July 2016

Cold-call investment fraudster to face money laundering charge - 27 July 2016

This is a joint CCC / QPS Media Release

A 35-year-old Carseldine man will face money laundering offences for his alleged involvement in a cold-call investment fraud scam.

The man was identified during the joint Crime and Corruption Commission (CCC) and Queensland Police Service (QPS) investigation known as Operation Lima Violin II which is focused on investment fraud and money laundering offences.

This is the 14th person charged with criminal offences resulting from Operation Lima Violin II.

The investigation revealed the 35-year-old man was a director of a company called Tropical Point Pty Ltd that purported to buy and sell shares for its clients. It will be alleged the company never purchased shares.

It will be further alleged the man withdrew cash from the company’s bank accounts and provided it to others.

The man was yesterday served with a Notice to Appear in the Brisbane Magistrates Court on 16 August 2016 to face one charge of recklessly engaging in money laundering contrary to Section 250(1)(b) of the Criminal Proceeds Confiscation Act 2002.

Operation Lima Violin II remains ongoing.

As these matters are now before the court, the CCC and QPS are unable to comment further.

Members of the public can learn more about cold-call investment frauds by reviewing material prepared by the CCC, QPS, Australian Securities and Investment Commission (ASIC) and Australian Criminal Intelligence Commission (ACIC) available at www.ccc.qld.gov.au or  http://www.police.qld.gov.au/ .

--ENDS--


Last updated: 27 July 2016
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