Exelon Group and Cold Trading International Arrests!!

Fantastic news from the QPS today!

Five people arrested over the Exelon and Cold Trading International scams

Police arrest five men over cold call investment fraud – Gold Coast

As part of continued efforts to target those who prey on members of the public using cold call investment fraud tactics, police from the Financial and Cyber Crime Group, with assistance from the Drug and Serious Crime Group and Major and Organised Crime Squad, yesterday arrested five men for their alleged involvement in cold call investment fraud on the Gold Coast.

Following protracted investigations on the Gold Coast police executed a search warrant on a Bundall office yesterday, February 13, 2018.

Police will allege the cold call investment fraud scam used business names Exelon Group Pty Ltd and Cold Trading International Pty Ltd based on the Gold Coast.

During the search a quantity of computers, mobile phones and documents were seized by police.

Five Gold Coast men aged 55, 52, 33, 30 and 25 years have been charged with fraud – dishonesty induces delivery of property over $100,000.

The 25-year-old man was further charged with contravene order about information necessary to access information store electronically.

All five men will appear in Southport Magistrates Court today.

If you have information for police, contact Policelink on 131 444 or provide information using the online form 24hrs per day.

You can report information about crime anonymously to Crime Stoppers, a registered charity and community volunteer organisation, by calling 1800 333 000 or via crimestoppersqld.com.au 24hrs per day.

22 thoughts on “Exelon Group and Cold Trading International Arrests!!

  1. Martin

    If anyone has an update re CTI I’d intereted in a chat. I invested money but they seem to have goe to ground despit the website still up.
    I have the Directors name ..but anyone can pay $9.00 to ASIC for that.

      1. Roger Brewster

        I reported Cold Trading to the Fraud Squad in July last year via ACORN and I’m still waiting for a response.
        Doubt I’ll ever see any of my $$$$$$ again.

    1. Roger Brewster

      Absolutely if it means getting some of my money back.
      I reported them to the police today and did an online report via ACORN.

    2. Roger Brewster

      Has anyone heard any more about these arseholes who were arrested in February? What was the outcome of the Court Case? Will they be made to pay the money (or some of it) back to those who were ripped off??

  2. Robert Fynn

    The Exelon Group I was dealing with is from 132-1/10 Albert Avenue BROADBEACH QLD 4218 and the people involved are SAMANTHA, SCOTT DOUGLAS,ANDREW,and CHRIS.I hope they got charged as well.

  3. Roger

    I was conned by Cold Trading International and a bloke called Steve.
    I hope he was one of the men arrested as he was an arrogant pig and very pushy!
    Will I ever see any of my money again????

    1. admin Post author

      Not likely, but there’s always hope.
      There’d be millions probably spread across lots of people and maybe only a portion of funds can be returned.
      Civil action would probably have to be taken.

    2. Simon

      Hi mate, I too was conned and also by Steve, And also Steven and Liam. I went to VCat in Victoria and got all that I gave them($61,000) awarded back to me but I don’t think I’ll ever see it again. I went to a solicitor (yes more money)to enforce the VCat orders but he basically said I got no hope of seeing money again. Can all of us get together and make something happen, or are we just going to remain victims?.

  4. Chris Willmott

    How many dedicated officers are in the FCCG full time? Less than 12. Time to hit up your local member to get it politically sensitive. The Government spend millions on “road safety”, i.e cameras etc, where they can earn revenue, but where they earn nothing, it’s not a priority, or so it seems. This needs to become a political issue to get the attention it deserves.

  5. Darren

    Was contacted earlier this week by a guy claiming to be from the AGS group trying to sell exactly the same as what Exelon were doing.

  6. Chris

    Since being burnt by those who were arrested 2 years ago from Prestige Capital, I have enjoyed playing with these fools from CTI, Sooo many phone calls, and I led them to believe I was interested. EVERY text and call was logged and forwarded to the FCCG guys. Obviously, they have phone number lists from previous scammers, shared amongst them. Guess what, some of us are just a little bit smarter then the average Gold Coast crack head scammer. Enjoy the iron bar motel boys and losing EVERYTHING!

  7. david

    How come that the Qld Police know that these scumbags are a morph of Charterhurst and Laybets etc so why have they allowed them to operate?
    Seems Qld Police are asleep or don’t really care!

    1. admin Post author

      It’s cost people tens of thousands of dollars and collectively in the hundreds of thousands.
      We’re certainly glad they have done the arrests, but yes, would have been good a lot earlier..

        1. admin Post author

          It is not looking hopeful.
          It’s already been over a year since the arrests of the principals and yet to have the criminal case heard.

          You’d have to ask a legal expert whether you can mount a civil claim yet.

        2. Roger Brewster

          I reported a fraud case against Cold Trading in July 2018 through the police reporting tool, ACORN and have heard nothing.
          I did receive a call from a detective which I missed. He left a message with a number to call him back.
          I tried 3 times to contact him with no luck. I even spoke to one of his colleagues who was to pass on my message.
          I’m still waiting


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