Port Phillip Crime Investigation Unit detectives have arrested a man after allegedly stealing more than $800,000 from victims via online scams across Victoria.
It's alleged the victims visited fake websites purporting to be legitimate financial institutions offering investment opportunities between June and September 2022.
After leaving their details on the websites, victims were contacted by a person purporting to be from the financial institution.
Victims signed up to investments including term deposits and treasury bonds and were told to forward the funds to an Australian bank account where the money was removed.
Today, detectives executed a warrant at a home on Arlington Street, Portarlington in relation to the ongoing investigation.
A 63-year-old man was arrested and is currently assisting police with their enquiries.
Anyone with any information is urged to contact Crime Stoppers on 1800 333 000 or submit a confidential crime report at www.crimestoppersvic.com.au