Police cost Altona man with fraud offence and seize luxurious automobiles

By Matthew Sims

Prison Proceeds Squad detectives have charged a 64-year-old Altona man and seized two luxurious autos following an investigation into fraud and unexplained wealth.

Police executed two warrants at Altona properties on Monday, August 8, in addition to a warrant at a Laverton property, two warrants at Sea Lake properties and a warrant at a Woomelang property.

Police have alleged that the Altona man fabricated paperwork, emails and textual content messages to induce every of his victims to speculate right into a fraudulent funding scheme, acquiring in extra of $1 million from a number of victims.

Police have charged the person with acquiring monetary benefit by deception and knowingly coping with the proceeds of crime.

Detectives have alleged the person engaged a co-offender to impersonate and tackle the id of a lawyer with a purpose to additional legitimise his rip-off to his victims, with the person then utilizing the cash given to him by every of his victims for private monetary achieve.

Police have additionally begun investigations into charging the person with fraudulently inducing an individual to speculate.

Detectives have alleged that on the time of his arrest, the person had began conversations with additional potential victims in relation to a separate fraudulent funding scheme.

Investigators seized a BMW X5, a Mercedes-Benz AMG and a excessive finish industrial espresso machine as a part of the investigation.

Prison Proceeds Squad Detective Inspector Jennifer Locke mentioned the investigation commenced in December 2021, when police acquired info associated to unexplained wealth.

“This can be a important outcome and one which highlights the up to date and malicious nature of fraud and deception associated offending.

“These are extremely severe offences and might have life altering penalties for the victims.

“Concentrating on a few of the most weak is heartless offending and we’ll completely proceed to focus on offenders and maintain them to account.”

Police have launched a 41-year-old Laverton man pending additional inquiries.

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