He went to the Legal Services Board and confessed in July 2012 before handing them his practising certificate. He told detectives: ‘It was stupid in the extreme. My thought process was complex. It (the Ponzi scheme) had to be kept going or these people would lose their money. The worse it got the more they were going to lose. I didn't know when the end was going to come. Everyone thinks I'm an animal and a monster.’ The divorced father of three said he lived ‘in a fog’ for weeks before he confessed.
Unspeakable
The charges relate to his appropriation of funds relating to 17 investors, including family members, close friends and colleagues in the law. He had offered them returns of between 13 and 23 % a year. He was described in Melbourne Supreme Court by one victim as an ‘unspeakable bastard’. Source: The Age
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