Four people charged over alleged $1.5 million cryptocurrency investment scam

The charges come following an almost two-year investigation by Queensland Police into cold call investment fraud or "boiler room" schemes.

Four people have been arrested and charged over an alleged $1.5 million cryptocurrency investment scam in Queensland. "It will be further alleged that the offenders moved illicit funds through cryptocurrency, precious metals, luxury motor vehicles and real estate to conceal the source of the illicit funds."

"We understand people are keen to invest in financial products that can see a quick return in the current economic environment, however prospective consumers should always do due diligence before investing in any product," Detective Acting Steve Inspector Paskin said.

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