Based on police, the 49-year-old allegedly deceived not less than 34 “weak” individuals into investing their tremendous funds – totaling not less than $9,094,405 – earlier than he left. overseas in 2019, in accordance with police.
He was arrested after getting off a flight at Melbourne Airport final night time and charged with 35 counts of monetary exploitation by deception.
Police are accusing the person of working as a monetary planner in Brighton and with out a license.
Investigators have recognized not less than 34 victims believed to be associated to the person between 2014 and 2018.
Police are investigating to see if there are some other potential victims.
The person will seem at Melbourne Magistrates Courtroom as we speak.
Detective Inspector Damien Jones stated the arrest was a major final result for police.
“And one which highlights the malicious nature of the fraud and deception related to the breach,” he stated.
“Focusing on a number of the most weak individuals is heartless insults.
“This sort of insult can have life-changing penalties for victims.”
He has urged anybody concerned in a rip-off that seems to resemble the habits described on this case to contact police.