Australian extradited from New Zealand over $12m property fraud to face court

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A Brisbane man has been extradited from New Zealand to face charges over a multimillion-dollar global investment fraud after a year-long investigation. 9News

A Brisbane man has been extradited from New Zealand to face charges over a multimillion-dollar global investment fraud after a year-long investigation.

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. An accomplice, a 72-year-old woman, has been charged with nine counts of fraud and appeared before the court on February 25.

 

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