Man arrested over cold call scam allegedly raked in millions over 13 years

From ABC News, “A man allegedly involved in a long-running investment scam that ripped off victims to the tune of $3.5 million has been arrested by police on the Gold Coast.

Police allege the victims were cold called and offered returns on their investment as high as 5 per cent a week.

“If you are cold-called by someone in your home, be conscious of the fact that if they are offering returns that seem to be too high or out of line with current interest rates and things along those lines, they should be really wary and conduct their own online research, and always seek independent legal advice,” Detective Senior Sergeant Walsh said.”

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