Gold Coast News

FRAUDSTER WALKS

A man who admitted he helped embezzle almost $6-million from unsuspecting investors, has walked free.

John Pitcher was charged over his role in the money-laundering scheme.

Associates of the 31 year old set-up a fake investment company called ‘West Two’.

The scam involved cold-calling people, and persuading them to deposit money into a bank account, on the promise it would be invested.

Instead, Pitcher was employed for $700 a week to withdraw for them a total of $265,000.

Pitcher was sentenced to two years behind bars, wholly suspended.

 

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