Australian Investment Scammer Extradited from Malaysia

12 March 2007
Kuala Lumpur

Mark Alan Taylor, who was a financial adviser of Golconda Resources, have been extradited from Malaysia and appeared in court in Adelaide, Australia, last Monday. He faces 65 charges following an Australian Securities and Investments Commission (ASIC) investigation in investment activities related to a Queensland investment scheme known as the Wattle Group.

Taylor faces charges including 7 relating to money paid by investors to the Wattle Group, 56 charges relating to money paid to Golconda Resources, and 2 charges of fraudulently inducing a person to deal in securities between 31 October 1995 and 30 April 1998.

After he was ordered to appear for trial, Taylor did not appear in court and was detected to have entered Malaysia in December 2001. He was believed to have set up a consultancy business in the Labuan offshore financial district.

Taylor was detained by Malaysian authorities on 11 January 2007 after the Australian authorities issued a notification that they were looking for Taylor in connection with a A$1.012 million (RM2.8 million) investment scam.

New Straits Times – Aussie hid out in Malaysia
<URL:http://www.nst.com.my/Current_News/nst/Monday/National/20070312082627/Article/local1_html>

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