Nearly a million dollars was allegedly laundered by a man as part of a cold call investment fraud network on the Gold Coast between 2014 and 2015.
Detectives from the Taskforce Maxima Criminal Economy Unit arrested a 55-year-old man at home in Southport earlier this week.
Police allege he laundered the money using two cold call investment companies.
The man’s been charged with laundering approximately $950,000. He will appear in the Southport Magistrates Court on March 20.
The companies were allegedly owned and run by an outlaw motorcycle gang member, and police have previously arrested five other people over the activities of the two companies. It’s alleged victims collectively lost approximately $2.7 million from the companies.
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