100s of titles, one news app for just $10 a month.
Dive Deeper:
Conman Foster granted bail by Qld court
Conman Peter Foster has been granted bail after being extradited from Victoria to Queensland on fraud charges over an alleged…
Bigamist already married when he wed at Nottingham's Council House
Marcus Wild married on May 5 last year
Delhi court grants bail to Wadhawan brothers, ex-promotors of DHFL
Advocate Vijay Aggarwal appearing for Dheeraj Wadhawan and Sr Advocate Rebecca John along with the Advocate Yugant Sharma appearing for…
Men charged over alleged drug supply at Scone
Three men have been charged with drug-related offences following an extensive investigation in the Hunter.
One subscription that gives you access to news from hundreds of sites
'Some degree of retail' in woman's alleged drug trafficking: court
Police found substances suspected to be methamphetamine, heroin, GHB, LSD and cannabis during a search of the Turner woman's home.
Police seek man and woman as investigations continue into cocaine diver's death in Newcastle
Police release CCTV images of two people they believe can help with inquiries over the death of a diver and…
Get all your news in one place
Latest National news:
Nationals could dump Barnaby Joyce over net zero stance with Peter Dutton set to lead Liberals
Sussan Ley or Jane Hume likely to be deputy Liberal leader as Coalition continues to grapple with election fallout
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Shut The Fuck Up Listen To Sam Lim, Former Dolphin Trainer, Talk Passionately About Dolphins
"Dolphins are so genuine. Dolphins never hurt you."
Sunk at the last minute: the $250m Port of Newcastle container terminal package
The Morrison government came within 24 hours of unveiling a $250 million infrastructure package to support the establishment of a…
Pollsters breathe sigh of relief after accurately predicting Labor’s election victory
Major polling companies changed methods after 2019 failure but two-party preferred measure misses Greens and independents
Fruit bag ban deferred as plastic straws get the flick
Ban of plastic fruit bags deferred as straws get the flickl.
From analysis to good news, read the world’s best news in one place
Australia to stand with Pacific islands on climate crisis and ‘respect’ region, Penny Wong says
New foreign affairs minister tells Pacific leaders Australia ‘will listen because we care’ after reports China may be seeking security…
Why the Newcastle Knights are willing to take a punt on Canterbury firebrand Jack Hetherington
Knights officials believe Hetherington, properly harnessed, can be a Victor Radley-type enforcer capable of intimidating the opposition while inspiring his…

Serial conman Peter Foster released on bail after $2 million bitcoin fraud charges

Peter Foster will wear an ankle bracelet while on bail. (AAP: Dan Peled)

Serial conman Peter Foster has been granted bail on the Gold Coast after being charged with multi-million-dollar fraud offences.

Southport magistrate Janice Crawford granted the 59-year-old bail on strict conditions, including a requirement to wear a tracking ankle bracelet.

He is accused of defrauding a Hong Kong pilot of Bitcoin, valued at about $2 million in 2019 and 2020, and has been charged with five counts of publishing false or misleading material to obtain an advantage, 10 counts of dishonestly obtaining financial advantage by deception and knowingly dealing with proceeds of crime with intent to conceal.

Foster was arrested on a hobby farm in rural Victoria late last year after failing to surrender to Queensland police, who had issued a warrant for his arrest.

Foster was charged with knowingly dealing with proceeds of crime with intent to conceal. (ABC News: Kimberley Bernard)

Fresh bail application approved

Crown prosecutor Christopher Cook told the court Foster should not be granted bail as he was as previously convicted of escaping from custody in Victoria in 1998.

Mr Cook said Foster also had convictions for using a false passport and money laundering.

He said he failed to appear in the Federal Court of Australia several times in 2013.

During today's bail application, Foster's barrister Russell Pearce conceded his client was a man who has "dined out on his notoriety".

Mr Pearce later added his client "might have made himself hard to find but he has never previously not complied with bail conditions".

Foster was granted bail to live with his sister on Tamborine Mountain on the Gold Coast and is required to wear an ankle bracelet.

He must not travel outside 50km of his residential address and was required to surrender any active passport, not approach any airport and report to police at Southport three times per week.

Previous bail conditions not met

Foster had previously been charged with similar offences in New South Wales relating to the same incident involving the pilot, which were later dropped.

In that hearing, Magistrate Margaret Quinn had granted him bail with strict conditions in NSW — including a $180,000 surety — prior to the charges being withdrawn.

He was also required to wear an ankle tracker, which he later removed and was discovered to have been walking around the Sydney business district in the hours before the interstate fraud charges were dropped.

Foster was not charged with breaching bail.

Serial conman Peter Foster was arrested by Queensland Police Four Mile Beach at Port Douglas on Thursday, August 20th, 2020. (Supplied: IFW Global)

Arrest filmed by media

The court was shown a segment from the ABC's Media Watch program, which showed Foster being arrested in Port Douglas in 2020 prior to being charged in NSW.

A police search of his property in Queensland at the time found a replica handgun, the court was told, but Foster had not been charged with any offences in relation to the item, which was located in a black bag in a wardrobe.

Mr Pearce alleged the fact the arrest was filmed by a news crew and a television news story featured interviews from private investigator Ken Gamble indicated the investigation into the alleged fraud had not been undertaken "at arms length".

"The complaint has been solicited by a private investigator, who has a financial interest in the outcome," he said.

Mr Cook argued the offences Foster has been charged with were serious and would likely see him imprisoned if convicted.

Outside court, Foster's long-term solicitor Chris Hannay said his client was not in a "show cause position" and "deserved bail".

Asked if he could be sure his client would not abscond while on bail, Mr Hannay said he could never be sure any of his clients would show up for their court dates.

"No one could ever say he would reappear or anyone else for that matter, we see everyday people who don't appear," he said.

Foster is expected to be released from Arthur Gorrie Correctional Centre later today.

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
Conman Foster granted bail by Qld court
Conman Peter Foster has been granted bail after being extradited from Victoria to Queensland on fraud charges over an alleged…
Bigamist already married when he wed at Nottingham's Council House
Marcus Wild married on May 5 last year
Delhi court grants bail to Wadhawan brothers, ex-promotors of DHFL
Advocate Vijay Aggarwal appearing for Dheeraj Wadhawan and Sr Advocate Rebecca John along with the Advocate Yugant Sharma appearing for…
Men charged over alleged drug supply at Scone
Three men have been charged with drug-related offences following an extensive investigation in the Hunter.
One subscription that gives you access to news from hundreds of sites
'Some degree of retail' in woman's alleged drug trafficking: court
Police found substances suspected to be methamphetamine, heroin, GHB, LSD and cannabis during a search of the Turner woman's home.
Police seek man and woman as investigations continue into cocaine diver's death in Newcastle
Police release CCTV images of two people they believe can help with inquiries over the death of a diver and…
Get all your news in one place