Four men, including two Irish, are in custody on serious fraud charges…
An alleged crime gang known as the ‘Irish Boys’ netted at least AUS$4m from a “boiler room” investment scam on the Gold Coast in Australia.
The offices of the alleged scam were raided on Monday by Police and Queensland’s Crime Corruption Commission.
The CCC allege that ‘Irish Boys’ gang has defrauded millions of dollars from victims in a ‘boiler room’ investment scam.
The prime target of the joint investigation is Irish-born Stephen Keating.
The gang are said to have run ‘boiler room’ call centres employing up to 45 people where they called the reported victims offering them bogus investment opportunities in Australia.
The alleged managers of the scam who’re aged 36, 34, 33 and 32, will reportedly be formally charged with fraud on Monday.
Police have said that the fraudsters have netted at least AUS$4 million in 18 months, but the true figure could be as high a AUS$11 million with over 150 victims reported.
Hat-tip to the Guardian.
LISTEN: You Must Be Jokin’ with Aideen McQueen – Faith healers, Coolock craic and Gigging as Gaeilge
