Mick Featherstone: Full Storyof Gold Coast Boiler Room Scam

Why is Mick Featherstone in News?

Mick Featherstone is an ex-cop of Gold Coast. In Gold coast bulletin Melanie Petrinec, Thomas Chamberlin wrote that the policesays He being a high-ranking Gold coast detective issuspected to be the mastermind behind the fraud ofboiler-room scam with the help of his wife and son.This whole case is under investigation reported Zach Featherstoneinternet removals which is Specialist at Phoenix global and is also an expert to remove unwanted illegal information from the various internet websites, Google, wide range of Search Engine Optimization tools and Social media sites,etc. before the release of news regarding any case investigation. During his work, ZachFeatherstone gold coast stated that Mick Featherstone and his wife ZoeiKeong are the prime suspects of this crime who manipulated vulnerable people of Australia and a man with sick with brain injury to become a puppet director to scam 12 companies and promised to offer higher returns to the people of Australia.

Zach wrote that the police stated the Investors were cold-called and forced to take part in sports betting and demandedthem to pay sum worth of $500 and $1000 for a four-day trial using investment software. When they startedfake profits, they forced them to sign a 12-month contract where their companies were linked to the investments and will disappear by the end of the year. So in that way, if you notice more than 600 people lost their invested amount which wasa total between $15 million and $20 million.

According to Crime and Corruption Commission, Mr. Featherstone who is 52 years old worked as former Surfers Paradise criminal investigation officer and was also a fraud squad member had allegedly built false connections with the higher levels of the Queensland Police Service along with his wife Zoei Keong 32 and Zach 21 who were also charged with aggravated fraud and money laundering in boiler room scam.The otherfour alleged associates namely Travis Burch 36, Robert Doueihi 34both were also charged with similar offenses, while Kirsty Lester 39 and Daniel Webb 32 were faced one charge each of aggravated fraud.

It is seen that all these seven were not presented in a court of Brisbane but were left on bail as the police had no evidence and decided not to oppose their applications further in Magistrates court.

Conclusion:

It is a well-known fact that no investor will provide double the amount on invested sum in a short while and if anyone does then the company after a few days just disappears from the sight of the investors who had put their hard earned money for the sake of high returns which were used for buying betting schemes or investment software without letting them know where their sum was into. Even though the old is shut down any new director will open it under a new name,and the whole racket runs as it is. Hence all the seven are yet to be punished for cheating the public of Australia.