Phone scammers swindle $6m

Cold call accused in court

Phone scammers swindle $6m

Image: QPS media, Acting Detective Superintendent Terry Lawrence speaking at a press conference in Brisbane.

South Australian police have arrested a 51-year-old man, wanted over his alleged involvement in a cold call investment scam, based here on the Gold Coast.

He's accused of playing a role in a scheme that saw companies ring people to offer them a tax-free software investment opportunity.

Police claimed the fraudsters even gave home demonstrations of the sports betting software, but it failed to work and victims were left a total of around $6,000,000 out of pocket.

The accused was extradited back to Queensland where he will face the Southport Magistrates Court on Friday charged with five counts of fraud.

Acting Detective Superintendent Terry Lawrence from the Fraud and Cyber Crime Group said it was a timely reminder for the public to be on the lookout for scam artists.

"These companies will go to all lengths to try and sell to you so it is important you take a step back and seek further advice," he said.