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Accused fraudster bailed in Brisbane

AAP logoAAP 10/08/2016 By Alexandra Patrikios

A former real estate company director has been bailed in Brisbane after being charged over an alleged $750,000 fraud.

Daniel Clement Francis Jocumsen, 44, fronted the Brisbane Magistrates Court on Wednesday on charges including fraud.

The charge relates to $750,000 that allegedly went missing from various accounts after his property business went into liquidation.

Magistrate Bronwyn Springer granted Jocumsen bail on conditions including he report regularly to police, reside at a Teneriffe or other approved address and surrender his passport to authorities.

"Don't bother trying to leave the country," she told him.

It came after lawyer Nick Hanly told the court Jocumsen had made "partial admissions" to police about the amount of money in question but denied it was fraudulently obtained.

"He made admissions that there were discrepancies in the order of $750,000," Mr Hanly said.

Jocumsen refused to answer questions from reporters as he left the court building, including queries about whether he thought he was the "Wolf of Roma Street" given apparent social media references to former US stockbroker Jordan Belfort.

The matter will return to court on August 22.

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