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Pair charged over bogus investment scheme

QUEENSLAND'S corruption watchdog has charged a Gold Coast man and woman with money laundering and fraud as part of an investigation targeting bogus investment schemes.

The Crime and Corruption Commission will allege the pair's financial management of a company Tropical Point Pty Ltd cost investors about $700,000 in 2011.

The pair are the first people charged as part of the CCC's Operation Lima Violin II, which commenced in June 2014 to crack down on allegedly fraudulent cold-call investment companies on the Gold Coast.

The body will allege a 32-year-old Upper Coomera woman and a 35-year-old Helensvale man were involved in the financial management of Tropical Point Pty Ltd between February 2011 and June 2011.

The investigation revealed investors in the company collectively lost $700,000.

Read more at Brisbane Times

Topics:  charges



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