Man charged over alleged bogus property investment scheme

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A 54-year-old man from the Gold Coast is charged with fraud over an alleged global investment scam worth almost $12 million.

A Gold Coast man who allegedly ran a global investment scam worth almost $12 million has been charged with 25 fraud offences.

Mr Gray has appeared in the Brisbane Magistrates Court on 25 counts of fraud and did not apply for bail. Mr Gray's alleged victims trusted his legal and financial advice, handing over hundreds of thousands of dollars in what they thought was a sound property investment scheme.

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That old advice still holds - if it sounds too good to be true, it is

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