A disgraceful financial adviser who ripped off almost $500,000 from clients was a drug user who spent about $3,000 a week on cocaine, a court has heard.
The former director of Reiwa-Capital is facing possible jail time and a hefty fine after he convinced people to hand over more than $400,000 for the purpose of investing before spending it all elsewhere and paying back just 1% of the total to investors.
Ex-Reiwa-Capital Director Admits to Dishonest Use of Investor Funds miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.