An Australian man living in London has revealed details of an extraordinary multi-million dollar fraud that almost cost him his house, business and his health. 7NEWS
Ghedia, an employee working in technology operations at one of the world’s biggest financial institutions, convinced seven people — including his cousin — to invest in non-existent financial products but pocketed the money himself.Over 15 months, the felon, who had no authority to offer financial advice, convinced Johncock that he would negotiate funds for his education company.Credit:“Every day I thought I was dealing with the Bank of America ...
“When the investor asked to withdraw the funds or questioned the lack of return, Ghedia would offer a number of excuses, including delays due to the COVID-19 pandemic and the UK leaving the European Union, “ a spokesperson for London Police said. Then around the same time, Ghedia faked having stage 4 pancreatic cancer to receive pension payments worth $AUD2.2 million from insurance companies that allowed him to make claims if he had 12 months to live.Detectives began investigating his insurance claims when his mortgage provider, Spring Finance, became suspicious following multiple failed repayments.
The main doctor on Ghedia’s letters said to police, “he had never treated anyone with the name Rajesh Ghedia, nor had anyone with this name been a patient at his clinic”.When police executed a search warrant at Ghedia’s home, they found he was living a lavish life in a mansion in one of the most expensive areas in London, while privately educating his children.“As soon as this case landed on my desk, it was clear Ghedia’s story did not add up,” Spring Finance compliance manager Erika Leung said.
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