zealand: It is alleged the 54-year-old man ran a property investment scheme based on short-term bridging loans under a myriad companies, many of which were alleged to be based in New Zealand, Singapore and Hong Kong, according to Nine News Australia. He allegedly told victims developers would pay a high interest for funds borrowed over a short period, believed to generally be three months, until the banks funded the developers' projects. To improve your experience update it here News National Man extradited from New Zealand over 12m property fraud to face Brisbane court By AAP8 58am Mar 2, 2019Facebook Tweet MailA Brisbane man has been extradited from New Zealand to face charges over a multimillion-dollar global investment fraud after a year-long investigation. A Brisbane man extradited from New Zealand back to Australia will face court accused of a 12 million property fraud scam. Supplied Police allege the investment did not exist. Supplied Another woman, 72, has also been charged with nine counts of fraud.
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