Hamish Earle McLaren (pictured) plucks more than $ 7 million from 15 victims between 2011 and 2017
A scammer fired more than $ 7 million from 15 victims by pretending to be a lawyer, an investment fund manager and a Harvard graduate.
Hamish Earle McLaren, from the eastern suburbs of Sydney, acquired $ 7.66 million between 2011 and 2017, before his arrest in July 2017.
McLaren pleaded guilty to 17 counts of dishonestly obtaining a financial advantage for deception and a charge of knowingly dealing with the proceeds of the crime at the Local Central Court on Wednesday.
The 48-year-old man cheated his victims by claiming he had knowledge of a gold mine and had access to investment opportunities, the Sydney Morning Herald reported.
He also told the victims to collect on their retirement, sell their shares and redraw their mortgages.
Fashion designer Lisa Ho paid McLaren $ 850,000 from her retirement in late 2011 after the couple was unwittingly presented by her ex-husband.
Fashion designer Lisa Ho (pictured) paid McLaren $ 850,000 from her retirement in late 2011 after the couple was introduced by her ex-husband
Ms. Ho was able to recover $ 500,000 after she initiated legal proceedings.
"I'm glad he's behind bars and begins to feel the punishment he gave to so many trusting people," said Ms. Ho.
A couple of retirees were fleeced with $ 1,712,500 and were left without retirement or savings, according to the agreed facts presented to the court.
When McLaren managed to convince a new victim to pay, the money was used as a front for legitimate businesses since it would pay dividends. or & # 39; interests & # 39; to other victims.
Three of McLaren's victims were women who divorced recently and who received money or property from their settlements.
McLaren lived in several properties, including an apartment in Bondi Beach and a beachfront unit in Woollomooloo. He also handled 30 bank accounts.
McLaren is in custody at Long Bay Prison in Sydney and will return to court on September 14.
Mr. McLaren (photo, left) was arrested in July 2017 and is in custody at Long Bay Prison in Sydney. He will return to court on September 14
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