Man charged over alleged multi-million-dollar bogus property investment scheme
A Gold Coast guy who allegedly ran an international investment rip-off worth nearly $12 million has been charged with 25 fraud offenses.
Anthony David Gray, fifty-four, from Paradise Point become arrested in New Zealand and extradited to Australia in a single day.
Mr. Gray has appeared inside the Brisbane Magistrates Court on 25 counts of fraud and did not follow for bail.
His arrest follows year-long research, dubbed Operation Quebec Kidback, following a couple of complaints from humans in Australia and foreign places.
Mr. Gray’s alleged sufferers depended on his legal and financial advice, turning in masses of lots of greenbacks in what they notion was legitimate belonging funding scheme.
Police have alleged that between May 2007 and November 2016, Mr. Gray — acting as a solicitor and financial planner — ran a bogus assets investment scheme based totally on quick-term bridging loans below some of the organizations supposedly based in New Zealand, Singapore and Hong Kong.
Mr. Gray, whose organization name was Synergy Gray Professional Services, allegedly promised investors that builders would pay high hobby for price range borrowed over a short duration till the banks funded the builders’ projects.
Police said the scheme did not exist.
Mr. Gray’s co-accused, a seventy two-12 months-antique female, turned into arrested at a domestic on Dornoch Terrace in Highgate Hill on January 31.
She appeared in the courtroom on February 25, charged with 9 counts of fraud.
To date, 21 alleged sufferers from Queensland, New South Wales, Victoria, the United Kingdom, the USA, and Europe have come ahead with losses totaling $eleven,960,000.
It is alleged one couple misplaced $2,814,416 and another lady misplaced $2,1/2,000.
Detective Acting Senior Sergeant Steve Paskin said police had acquired a similarly six proceedings in relation to the scheme and believed extra alleged sufferers may additionally nevertheless come ahead.
Asked about the relationship between Mr. Gray and his co-accused, Detective Senior Sergeant Paskin stated they were business partners.
He stated the alleged victims, who had been both recognized to the pair or referred through others, had invested their private financial savings.
“People have potentially lost their entire superannuation financial savings due to this funding scheme,” he stated.
It has been alleged Mr. Gray had a historical past in regulation and finance however did not hold qualifications at the time.
“We’ll allege that the offenders had been now not certified to act as solicitors or financial planners and this highlights the importance of questioning broadly every element of a proposed investment,” Detective Senior Sergeant Paskin stated.
Detective Senior Sergeant Paskin alleged the fifty four-12 months-antique left Australia in February 2017 to flee lenders.
The case will go back to court on April 1.