A brazen fraudster conned innocent victims, some who gave him all they had saved for retirement, out of more than $10million pretending to invest it while splurging the money on a lavish lifestyle.
Financial adviser Terence Nugara scammed clients and spent stolen money on helicopters and cars, court hears abc.net.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc.net.au Daily Mail and Mail on Sunday newspapers.
Terence Nugara, 49, allegedly conned 34 people, including family friends and the elderly, into transferring him a total of $9,094,405 to invest into buying apartments around Melbourne.