A high-flying Gold Coast club promoter and drug dealer may be forced to give up his waterfront mansion, investment property and luxury car.
Raymond Said Frangieh has been charged with running a drug operation across south-eastern Queensland supplying cocaine and esctasy between July 2015 and 2016.
His wife, Melissa, has been charged with money laundering the cash from his alleged substance ring.
The two are now facing the forfeiture of two flashy Gold Coast properties worth nearly $2 million and Mrs Frangieh’s Mercedes four-wheel-drive after the State Government lodged an application in Brisbane Supreme Court last week, the Courier Mail reported.
A high-flying Gold Coast club promoter and drug dealer may be forced to give up his waterfront mansion, investment property and luxury car
Raymond Frangieh (pictured right) has been charged drug trafficking in Queensland. His wife, Melissa (left), has been charged with money laundering the cash from his alleged ring
Mr Frangieh had recently been promoting for night clubs across the Gold Coast, including the now-defunct Truth establishment
Mr Frangieh, who was sentenced to three years in jail in the early 2000s for supplying cocaine, had recently been promoting for night clubs across the Gold Coast, including the now-defunct Truth establishment.
The 37-year-old father-of-two has been charged with two counts of drug trafficking, one for MDMA and one for cocaine, across Brisbane and the Gold Coast.
His wife, 35, allegedly had the money from the drug dealing put in her bank accounts.
The 37-year-old (left) has been charged with two counts of drug trafficking, one for MDMA and one for cocaine, across Brisbane and the Gold Coast. His wife (right), 35, allegedly had the money from the drug dealing put in her bank accounts
The pair now face losing their $1.2 million home in Mermaid Waters (pictured), a $750,000 Surfers Paradise investment property and Mrs Frangieh’s luxury Mercedes
In December last year, the court heard $414,710 was deposited into three of Mrs Frangieh’s bank accounts between January and July of 2015.
The money was labelled as ‘wages deposits’ and ‘cash flow’.
The pair now face losing their $1.2 million Mermaid Waters home, a $750,000 Surfers Paradise investment property and Mrs Frangieh’s luxury Mercedes.
An order made in the Brisbane Supreme Court by Justice Susan Brown states Mrs Frangieh has until April 6 to convince the court and state government as to why she should not have her properties forfeited.
Sorry we are not currently accepting comments on this article.