Bill sent me a link to a news story about this man and there are any number of headlines online about him. I gather he told some of his clients that he was investing their money in a property scheme in India but in fact he was running a Ponzi scheme and took a total of £2.6 million pounds from (reports vary) between 37 and 41 people.
I'm grateful that I got shed of him when I did. I doubt I would have invested in his property scheme but then he always did give me the creeps, for all the reasons I wrote about earlier. I don't think my intuition is terribly fine tuned, but I do recognise inconsistent behaviour and dubious ethics when I see them. And I've always believed that if something seems too good to be true...give it a miss. I'm fairly risk averse, I'm afraid.
I do wonder at the people who get caught out by shysters like this man. Are they completely unobservant? Greedy and unethical themselves? Or impossibly naive?
I hope you've never been caught out - I do hear stories about people who have been.