Queensland Police charged five individuals for a "boiler room" investment fraud that defrauded $3M from 300 victims from 2018-2020.
Queensland Police charged five people for a "boiler room" investment fraud that defrauded $3 million from at least 300 victims between 2018 and 2020. The group operated under trading names Starbrite Traders Pty Ltd, Digital Sky Systems, New Vision Products, and NPL. Detective Inspector Kerry Lofdahl warns against investing in cold-called opportunities and advises due diligence.
February 29, 2024
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