Aussie crypto scam worth A$2.7 million busted, five arrested

Discussion in 'Cryptocurrencies' started by mlawson71, Aug 8, 2019.

  1. A criminal group in Gold Coast, Australia were arrested for allegedly scamming over 100 Australians with A$2.7 million in cryptocurrency investment. Queensland Police charged five members of the group with fraud and money laundering after a complex and lengthy investigation known as Operation Quebec Walnut.

    The criminal group posed as multiple cryptocurrency investment firms and websites from 2017 till May this year: “Exmount Holdings Ltd”, “The Quid Pro Quo Foundation”, “The Atlas Group”, “AFG Associates Pty Ltd”, “tradex123”, “exmounttrading”, “atlasfxgroup” and “amazonqus”.

    They had a call center and sales staff and cold-called potential victims, persuading them to invest and promising lucrative returns. Victims were even offered a trial investment, so they could log in some sort of platform where they could watch their initial investment grow. When they tried to withdraw, however, the money had gone, and they could not get in touch with the company’s employees.
    Nobert and murray t turtle like this.
  2. Nobert


    That's just funny.
    (i am sorry, it is indeed, - never gets old).

    We are also back to those creative fund names :

    ,,No Scam Unlimited Capital Trust Ltd''
    mlawson71 likes this.
  3. I know, right? How do people fall for this is beyond me.
    Nobert likes this.