Man accused of gambling away $5 million in super money

A MAN accused of defrauding 40 people more than $5 million through a self-managed superannuation fund will face court today.

Police said they had charged a Shailer Park man with 49 counts of fraud.

It is alleged the 47-year-old defrauded approximately 40 people out of $5.23 million.

Police will allege the man lured clients to invest money in a fraudulent self-managed superannuation fund over a period of time and the money was then lost through gambling.

He will appear in Cleveland Magistrates Court today.

Anyone with information which could assist with this matter should contact Crime Stoppers anonymously via 1800 333 000 or crimestoppers.com.au 24hrs a day.



Help on its way for Mary Help of Christians upgrade

Help on its way for Mary Help of Christians upgrade

Government kicks tin with $2.9 million for Toormina school upgrade

Is a dolphin sea pen in the harbour the best option?

Is a dolphin sea pen in the harbour the best option?

Study to assess whether DMM dolphins can be rehoused in harbour

Bonville providing the backdrop for a challenging Classic

Bonville providing the backdrop for a challenging Classic

Players admit Bonville Golf Resort is a difficult course to tame.

Local Partners