A couple who allegedly scammed investors with a ponzi scheme to supposedly kickstart the Nashville career of a young country music singer are charged by police.
A Sunshine Coast couple are facing multiple fraud charges after allegedly scamming investors out of almost $1 million by claiming to be kickstarting the career of a young country music singer in Nashville.Charges could only be laid when more alleged victims came forwardPolice said the pair, a 41-year-old woman and 44-year-old man from Mount Coolum, were friends of the 23-year-old Australian singer.
"As investors put money into the enterprise, some of the money was then given to some of the other investors to appear to them that they were receiving some funds back, but that wasn't the case in the long term," Inspector Edwards said.It came to police attention in 2015 when a man claimed he had paid $250,000 to the couple but had received no returns on his money.
Inspector Edwards said the singer, an Australian woman now based on the Sunshine Coast, was unaware of the investment scheme.
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