A man will face court charged with 69 counts of deception following a cybercrime investigation.
This morning, Wednesday 15 January, officers from the Cybercrime Investigation Section attended a Hills home and arrested a 33-year-old man from the address.
It will be alleged the man was involved in the management of victim’s self-managed superannuation funds and was acting as their investment manager. The victim’s investments were allegedly sent to overseas locations and initially provided strong returns; however they could not be accessed by the victims and their funds were lost. The victims were then asked to provide further funds to recoup their losses.
The man was refused bail and will appear in the Adelaide Magistrates Court on Thursday 16 January.
Police Cybercrime Investigators urge those people wishing to invest their superannuation in investment schemes at overseas locations or ‘tax havens’ to be extremely vigilant.
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