“TWO men have been charged with major fraud offences as police raided suspected “boiler room” scam operations this morning.
A man believed to be the principal of TRP Investments was taken from his home in Broadbeach to an office being used as a call centre in Surfers Paradise.
TRP Investments is believed to have sold software promising to predict changes in the stock market.
But operators are believed to have been uncontactable when disgruntled consumers called back asking for refunds.
Search warrants were executed at Broadbeach Waters, Broadbeach, Bundall and Surfers Paradise. Two men have so far been charged with major fraud offences. Police will allege they coordinated an unregulated business offering non-existent investment opportunities.
A 53-year-old man has been charged with five offences of fraud. He is to appear in the Southport Magistrates Court tomorrow.
A 22-year-old man has been charged with three offences of fraud. He is to appear in the Southport Magistrates Court tomorrow.
The fraud squad descended on the Andrea Ave home at Broadbeach Waters around 6.30am and later arrested the pair…. ”
Read the rest at the Gold Coast Bulletin.
If you have been a victim of these scams in any of their ripoff versions – JBC, CFS, GTA, OP Solutions, etc, etc, contact the Queensland Fraud Squad now.
This is much bigger and has a much longer history than I believe the police yet know.
Everyone involved is culpable – cold callers, receptionists, wives and girlfriends. If they knew that people were being lied to and cheated – and there is no way they could not have known this – then they are just as guilty as the two who have been arrested.