Category Archives: Investment Fraud

Sun setting on fraud capital of Australia

It’s lunchtime on a clear, warm Gold Coast Saturday in February and the city’s mayor, Tom Tate, is railing against non-Queenslanders who take a dim view of the sunny seaside strip. ”We’re taking our critics head on,” Tate tells the Gold Coast’s business elite – including a gentleman in white shoes – who have gathered… Read More »

SEC accuse Brisbane firm of $53m fraud

U.S. regulators have accused an Australian man of raising at least $53 million from investors with false claims that he ran a group of elite foreign-exchange traders who could generate 78 percent annual returns. Senen Pousa and his Brisbane, Australia-based firm, Investment Intelligence Corp., promised investors “unlimited” passive income from his strategy of making only… Read More »