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Bradley Silver (photo) focused on vulnerable pensioners and allowed them to invest their life savings & # 39; in two fake cases, which amounted to a stunning $ 9 million

Fraudster who scammed $ 9 MILLION from older Australians in the Ponzi scheme, is taken to hospital with a panic attack before being sentenced to prison

  • Bradley Silver targeted retirees to invest their life savings in fake businesses
  • He scammed vulnerable older Australians with a total of $ 9 million
  • Silver helped by salesman Elizabeth Orchard, bank manager David St Pierre
  • On the day of the conviction, he was rushed to the hospital after a panic attack
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A fraudster who scammed older Australians for their life-saving in a Ponzi scheme was taken to the hospital after a panic attack a few moments before he was sentenced to prison.

Bradley Silver and his co-perpetrators focused on vulnerable retirees and convinced them to invest their life savings & # 39; in two fake businesses, with a total of $ 9 million.

He did not initially appear in court on the day he was convicted and was later found in a hospital on the Gold Coast, An ongoing case reported.

His lawyer told the Brisbane court that he had had a panic attack.

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Bradley Silver (photo) focused on vulnerable pensioners and allowed them to invest their life savings & # 39; in two fake cases, which amounted to a stunning $ 9 million

Bradley Silver (photo) focused on vulnerable pensioners and allowed them to invest their life savings & # 39; in two fake cases, which amounted to a stunning $ 9 million

Silver eventually took a Uber to court, an hour's drive, where he was sentenced to eight years behind bars.

He worked with salesman Elizabeth Orchard and former bank manager David St Pierre to cheat older Australians with a fake investment company.

Victims ranged from the age of 62 to the oldest victim, 98-year-old great-grandmother Heather Simmers.

Mrs. Simmers was visited in a nursing home in Brisbane and was convinced to sign a $ 30,000-year loan of $ 440,000.

Debra Ruscoe said she is & # 39; stupid & # 39; felt because she invested $ 375,000 hoping to eventually buy her own house.

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& # 39; I just could never recover & # 39 ;, she said An ongoing case.

Susan Jones first invested $ 90,000 before being convinced to hand over another $ 450,000.

She received dividends within the first few months, but they soon stopped, making her & # 39; scared & # 39; was to check her account.

Silver (photo) was taken to the hospital on the day of his hearing after a panic attack

Silver (photo) was taken to the hospital on the day of his hearing after a panic attack

Silver (photo) was taken to the hospital on the day of his hearing after a panic attack

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Mark Morely was another victim who was the target of the scam, making him $ 400,000 out of pocket.

He first invested $ 300,000 in Silver & # 39; s Capital Growth International Club and received $ 5000 in dividends every month, the publication reported.

He was then convinced to invest another $ 100,000 to buy a house and land package, which never happened.

& # 39; I had to discover that it was a Ponzi scheme and my money came from other investors, & # 39; he said.

Silver (photo shown) pleaded guilty to 13 unfair charges and seven fraud charges and was sentenced to eight years in prison

Silver (photo shown) pleaded guilty to 13 unfair charges and seven fraud charges and was sentenced to eight years in prison

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Silver (photo shown) pleaded guilty to 13 unfair charges and seven fraud charges and was sentenced to eight years in prison

St Pierre was eventually fired and sentenced to six months in prison after being found guilty of three unfair charges and lifting $ 2.5 million in loans.

Orchard was imprisoned for eight months for obtaining $ 800,000.

When Silver finally appeared in court and heard that $ 4.7 million had been traced to him, he was sentenced to eight years in prison after being found guilty of 13 unfair charges and seven frauds.

He is eligible for conditional release after two and a half years.

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