20 May 2024

Man charged in Moruya over alleged online gold bullion fraud

| Zoe Cartwright
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NSW Police.

NSW Police have charged a man after he allegedly sold fake gold online. Photo: SCM Jeans.

A man was arrested in Moruya on Thursday for allegedly selling fake gold bullion online, NSW Police say.

In October 2023, detectives attached to the South Coast Police District began investigating reports that a man was allegedly defrauding people online via social media.

In February 2024, police executed a search warrant at an address linked to a 36-year-old man and seized evidence.

At about 10:10 am on Thursday 16 May 2024, police attended a hotel on Vulcan Street, Moruya where they arrested the 36-year-old man.

He was taken to Batemans Bay Police Station where he was charged with 15 offences, including ten counts of dishonestly obtaining financial advantage by deception, two counts of dishonestly obtaining property by deception, one count of dealing with property proceeds of crime worth less than $100,000, possessing or using a prohibited weapon without permit and possessing a prohibited drug.

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Police will allege the man used multiple social media aliases and bank accounts to defraud 12 people across three states for more than $230,000.

It’s alleged the man sold fake gold bullion and received payment for goods that were not provided.

He was granted conditional bail to appear before Batemans Bay Local Court on Monday 20 May 2024.

Anyone with information about this incident is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence.

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