Australia

Gold Coast fraud syndicate faces sentencing

The court reported that four members of the sophisticated Gold Coast fraud syndicate ran a “cold and ruthless company” at the expense of the aging and savings of vulnerable people who trusted them.

Stiofan Ceitinn, Theresa Faye Merlehan, Daniel Alan East, and Aaron Colin East were all members of the “Irish Boys” scam syndicate that tricked hundreds of people into pitching worthless computer betting software.

Despite raising millions of dollars from victims, when it was closed in 2015, only about $ 17,000 remained in the company’s bank account.

The four have been sentenced to numerous fraud charges in the Brisbane District Court for fraudulently inducing the delivery of property.

At a hearing on Monday, prosecutor Greg Cummings elaborated on the scope of “sophisticated” and “well-planned” fraud plans.

The Seitin and East brothers were involved for 20 months from January 2014 to August 2015.

Merlehan’s activity was “much shorter” and occurred between June and August 2015.

Their business included the sale of thousands of dollars of sports betting computer software that didn’t work.

Cummings told the court that various companies were used to sell defective software in order to make the company look legal.

Sales reps used fake names and set up a virtual office to appear to be based in Adelaide.

“This scheme predicted what people could do to perform due diligence, such as web search, websites, setting awards, and pitching to mitigate fear,” Cummings said. Says.

Cummings said some of the people who forked money for software lost their aging and savings, “most, if not all of them, lost their self-esteem.” ..

“It was a cold, ruthless company, taken from vulnerable people who were unlikely to get their money back,” he said.

“The heart of the whole plan was to make money. It had nothing to do with the benevolent factor.”

Greg Magwire, a barrister at Seitin, said his client faced deportation because he was an Irish citizen.

Marehan’s lawyer Daniel Whitmore told the court that her difficult life after her husband committed suicide in 2011 and that she had a hard time finding a job when she came to Australia from Canada.

He said it wasn’t a job she started “intentionally and voluntarily.”

“This was her job and it was a job she worked for quite a long time when she discovered the essence of surgery,” Whitmore said.

The decision hearing in front of Judge Vicky Lurie continues.

Place of originGold Coast fraud syndicate faces sentencing

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