A MAN has allegedly lost $70,000 to a fraudster who police believe is an associate of bikie gangs.
The Stanthorpe man is one of about 12 victims statewide who police say were scammed by a man who allegedly cloned the website of a legitimate Western Australian investment company.
Taskforce Maxima criminal economy unit officer-in-charge Detective Inspector Phillip Stevens said the 60-year-old victim had invested a large amount of money after a small initial investment.
"He was cold called in relation to the scam and the suspect wanted to meet up with him," Det Insp Stevens said.
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He said the victim met with the alleged fraudster in a Toowoomba coffee shop in April last year.
A small amount of money was invested in April and what appeared to be a healthy return encouraged him to invest more.
Det Insp Stevens said the victim realised something was wrong in June and had been in contact with WA police because as far as he knew, the scam was coming from that state.
"West Australian police did a fairly good job and then referred it to us, Det Insp Stevens said."
He said the information received by Queensland police last month led to Thursday's arrest of a 33-year-old Brisbane man.
Police allege the man is an associate of the Bandidos and Black Uhlans motorcycle clubs.
Brian John Kelly, 33, appeared briefly in Brisbane Magistrates Court yesterday on five counts of fraud, money laundering, impersonation, tainted property and drug charges.
He was remanded in custody and is expected to apply for bail next Friday.
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