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Five Australians Charged Over Cryptocurrency Scam

Five Australians have been charged with fraud, cryptocurrency scam and money laundering after tricking more than 100 Australians into handing around $3 million in AUD.

Detectives from the Queensland Police’s Financial and Cyber Crime Group investigated an alleged criminal syndicate which handled several businesses selling cryptocurrency investments on the Gold Coast between 2017 and May 2019.

Detectives from the State Crime Command’s Financial and Cyber Crime Group swooped on the syndicate comprised of three men and two women as part of Operation Quebec Walnut in May and August this year.

Between 2017 and May 2019, the syndicate is said to have operated several business selling cryptocurrency investments in Exmount Holdings Group – a company that appeared legitimate. Source: 7news.com.au

Sying Tien

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at sying.tien@thecoinspost.com and i will get back to you shortly.

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