A Gold Coast man who allegedly ran a common funding scam worth almost $12 million has been charged 25 fraud offenses. Anthony David Gray, fifty-four, from Paradise Point, was arrested in New Zealand and deported to Australia in a single day. Mr. Gray was seen within the Brisbane Magistrates Court on 25 counts of fraud and did not follow for bail. Following multiple complaints from human beings in Australia and distant places, his arrest follows year-length research, dubbed Operation Quebec Kid Back. Mr. Gray’s alleged victims trusted his prison and financial advice, delivering masses of lots of dollars in what they thought changed into a sound assets funding scheme.
Police have alleged that between May 2007 and November 2016, Mr. Gray — appearing as a solicitor and economic planner — ran a bogus property investment scheme based on a brief period bridging loans below some organizations supposedly based totally in New Zealand, Singapore, and Hong Kong. Mr. Gray, whose employer became Synergy Gray Professional Services, allegedly promised investors that developers would pay big hobby for funds borrowed quickly until the banks funded the builders’ initiatives. Police stated the scheme did not exist. Mr. Gray’s co-accused, a seventy two-12 months-antique female, was arrested at a domestic on Dornoch Terrace in Highgate Hill on January 31. She appeared in the courtroom on February 25, charged with nine counts of fraud. Twenty-one alleged sufferers from Queensland, New South Wales, Victoria, the United Kingdom, the USA, and Europe have come forward with losses totaling $ 960,000.
One couple misplaced $2,814,416, and some other females misplaced $2 half,000. Detective Acting Senior Sergeant Steve Paskin said police had received six lawsuits regarding the scheme and believed more alleged victims could still come. Asked about the connection between Mr. Gray and his co-accused, Detective Senior Sergeant Paskin said they had been business companions. He stated the alleged sufferers, who were either acknowledged to the pair or referred by others, had invested their non-public financial savings. “People have probably misplaced their whole superannuation financial savings due to this investment scheme,” he stated. It has been alleged that Mr. Gray had a historical past in regulation and finance; however, he no longer held qualifications on time. “We’ll allege that the offenders had been not certified to act as solicitors or monetary planners, and this highlights the significance of questioning each element of proposed funding broadly,” Detective Senior Sergeant Paskin said. Detective Senior Sergeant Paskin alleged the 54-year-old left Australia in February 2017 to escape creditors. The case will return to court docket on April 1.