Russell Island Land Fraud (From Stains on a White Collar: Fourteen Studies in Corporate Crime or Corporate Harm, P 44-59, 1989, Peter Grabosky and Adam Sutton, eds. -- See NCJ-122651)

• NCJ Number: 122655
• Author(s): A Sutton
• Date Published: 1989
• Length: 16 pages
• Sale Source: Federation Press (Distributed by Gaunt)
• Publication Type: Legislation/Policy Analysis
• Language: English
• Country: Australia

Annotation

The Russell Island land fraud case in Australia shows that the fraud could not have occurred to the extent that it did without the compliance of crucial elements of politics and the bureaucracy in Queensland.

Abstract

The case was similar to many other cases of land fraud in that it involved the purchase, subdivision, and resale at an exorbitant profit of land of low quality near a prime location, using unscrupulous sales techniques and misleading advertising. It began in a legitimate attempt at development, but ultimately became an effort to sell swampland and other unsuitable land based on exaggerated claims. The scheme flourished in part because of the reluctance of State and local governments to intervene. Ultimately, 16 individuals were indicted from conspiracy to defraud the public. However, some were released due to the lack of a prima facie case, and the trial of the others ended when a juror became ill. Although these entrepreneurs were not penalized for their actions, more recent enforcement efforts suggest that the government will take action to prevent similar activities on Russell Island. 15 reference notes.