For large-scale Ponzi scheme frauds in Queensland involving losses of approximately $11.5 million, the appropriate sentencing range is an effective global term of 10 to 12 years imprisonment with parole eligibility slightly earlier than the usual 50 per cent point, where the offender pleads guilty early, cooperates modestly with authorities, and is of comparative youth with rehabilitative prospects. The effective operation of the criminal justice system requires proper recognition by way of mitigation of sentence for timely pleas of guilty, especially in complex fraud cases.
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