Australian Developer Set to Buy Saddleback Mountain Arrested Overseas for Fraud - NECN
Maine

Maine

The latest news from around the state

Australian Developer Set to Buy Saddleback Mountain Arrested Overseas for Fraud

The suspect announced his plan to buy the mountain in June 2017, but never provided the money to make the sale

    processing...

    NEWSLETTERS

    Australian Developer Set to Buy Saddleback Mountain Arrested Overseas for Fraud

    An Australian developer whose company was set to buy Saddleback Mountain in Maine was arrested and charged with one count of fraud, according to NBC affiliate station WCSH-TV.

    Sebastian Monsour, 44, was arrested Thursday in Brisbane, Queensland, Australia after police raided his offices.

    Monsour, the CEO of Majella Group of Brisbane, was accused of defrauding a Chinese businessman out of a $5 million investment. The investment was for visa-compliant programs for the Chinese businessman, which was instead allegedly spent on Monsour’s other projects.

    The developer announced his plan to purchase the Maine mountain in June 2017, but never provided the money needed to close the sale.

    'Late Night’: A Closer Look at Trump’s Post-Midterms Depression

    [NATL] 'Late Night’: A Closer Look at Trump’s Post-Midterms Depression

    Seth Meyers takes a closer look at President Donald Trump's post-election funk as the blue wave that put Democrats in charge of the House keeps getting bigger.

    (Published Friday, Nov. 16, 2018)

    Monsour, who is being held without bail, is expected to appear in Queensland Court on Friday.


    Get the latest from necn anywhere, anytime

    • Download the App

      Available for IOS and Android