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A former Gold Coast real estate director has been arrested at the airport and charged with serious fraud and dishonesty offences.
Mr Bradley Keith Silver of Tasmania has been arrested at Brisbane Airport by Australian Federal Police officers and charged with multiple fraud and dishonesty offences, according to ASIC.
He was arrested on 20 July and brought before the Brisbane Magistrates Court later the same day.
Following an ASIC investigation, Mr Silver has been charged with seven counts of fraud to the value of $2.32 million and six counts of dishonest use of his position as a director.
If found guilty, Mr Silver faces 12 years' imprisonment for the first set of charges and five years for the second.
Mr Silver was released on conditional bail to appear in the Brisbane Magistrates Court on 25 August 2017. His bail conditions require that he surrender his passport and that he not leave Australia or approach any of its points of international departure.
Between 2008 and 2010, Mr Silver was the director of a Gold Coast property development company known as Capital Growth International Club Pty Ltd and associated with a company known as All About Property Developments Pty Ltd.
In February 2011, the companies were placed into liquidation, owing investors about $9 million.
Earlier this year, a former Westpac home finance manager, David St Pierre, was sentenced to three years' imprisonment, to be released after six months on a recognisance order, after he pleaded guilty to obtaining more than $2.5 million for Westpac customers for investment in a property development scheme associated with Capital Growth International Club and All About Property Developments.
In delivering sentence, Judge Kent QC said that Mr St Pierre's behaviour was described accurately in his opinion by the Crown as calculated, elaborate, determined and not a fleeting mistake.
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