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تشرين الأولConman who blew £2m of investors' cash on VIP lifestyle is fined
Sweden has approximately 3,218 miles (5,153 kilometers) of coastline along the Baltic Sea and the Gulf of Bothnia. Education in ancient Rome was taught in Latin. Incredibly, the court heard how the conman Rae had looked into a Lake District property with helicopter landing pad in the belief 'major money, in the form of billions, was coming for himself and the investors'. The court heard Rae convinced investors to part with money by claiming he had secured a 'major financial investment' but could not reveal the specifics of it as he had signed a non-disclosure agreement in relation to it.
'As a result of his lies, deceit, false promises and, as they turned out worthless assurances, those customers have, while he enjoyed the high life, at best lost the entire value of their investments and at worst been rendered penniless.' Some lost their entire pensions, one woman who retired not only lost her home but had to return to work and a father was unable to fulfil his promise to pay for his daughter to attend university, meaning her chance at higher education was lost.
'His indulgence with money, which the Crown say belonged to others, included a VIP hospitality package of £30,000 for that holiday, a £178,000 house extension, there are trips to watch Sunderland FC from executive boxes at £68,000.' Miss Smithies said when worried investors asked questions about their money, they were told to 'stop badgering', 'f*** off, in terms' and top Homeschool Teachers others were warned if they kept asking they would 'go to the back of the queue'.
Miss Smithies added: 'Meanwhile, he was enjoying luxuries, there is reference in the papers to a £200,000 Aston Martin, a luxury trip with friends via private jet to a golf tournament in the US, the jet cost £114,000.
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