Queensland lawyer Michael Bosscher charged over alleged involvement in $4.5m cash laundering syndicate

Queensland senior solicitor Michael Bosscher has been charged for allegedly taking part in a $4.5 million cash laundering operation.

It comes after the Australian Federal Police (AFP) arrested and charged Mr Bosscher and 67-year-old Gold Coast man Richard Franks for alleged hyperlinks to a company relationship again to February 2021.

Mr Bosscher, 53, was arrested by AFP and charged with conspiring to deal with proceeds of crime on the whole, which allegedly concerned greater than $1 million.

Going through Brisbane Magistrates Courtroom, Mr Bosscher was launched on bail on the grounds that he had no contact with Mr Franks and 7 others, and he reported to the police station twice per week.

Mr. Franks, a Gold Coast coaching director, is accused of opening fraudulent financial institution accounts within the identify of purchasers at his consulting enterprise with out their information and is charged with conspiracy to control numbers. Crime proceeds are usually value $1 million or extra.

The Helensvale man has additionally been charged with 29 counts of constructing transactions to keep away from reporting necessities.

He was launched on bail at Southport Magistrates Courtroom underneath the strict situations that he give up his passport and never contact Mr. Bosscher or the complainants.

Police allege Mr Bosscher supplied tens of millions of {dollars} in suspected felony proceeds that had been deposited into fraudulent accounts to keep away from detection by authorities.

AFP officers executed search warrants in Helensvale, Graceville, Bardon and Brisbane Metropolis on Monday.

They’re believed to have discovered $70,000 in a secure hidden underneath the steps at a Bardon institution in Brisbane and $160,000 in money in a secure on the man’s residence on the Gold Coast.

Throughout Mr Franks’ bail listening to, Decide Dzentia Balic instructed the courtroom she was involved about “his lengthy and powerful relationship with Mr. Bosscher through the years, [which] look like private {and professional}”.

Ms Balic stated: “The seriousness of the offenses is sort of severe.

The utmost penalty for this crime is 25 years in jail.

Mr. Franks will return to courtroom on February 6.