Australian Taxation Office: A 41-year-old man has been arrested following the raids and will face Southport Magistrates Court on February 17 after being granted watchhouse bail, according to Nine News Australia. It alleged the man was involved in the scam which was also raided in October when father-and-son pair Jack and John Doumani were charged with fraud offences. Queensland police and Australian Taxation Office officials raided several locations across Brisbane and the Gold Coast on Wednesday morning. Police believe the scam, which offers clients substantial returns on bogus investment plans and via sports betting software, has fleeced victims across Australia of a massive amount of money. Acting Detective Superintendent Terry Lawrence says the operators of the scam use the money gained to fund lavish lifestyles."We're going to allege that the people involved in this are using the cash for their own lifestyles - to buy mansions, vehicles, boats, whatever it might be - and, of course, look after other people involved in those syndicates," Supt Lawrence said. It alleged of the $59 million generated by the company, known as Charterhurst Agencies, $58 million has since been withdrawn.
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