A finance guru is accused of swindling 340 investors out of at least $254 million over 16 years in a massive Ponzi scheme.
But instead of facing court, Chris Marco, 63, was spotted drinking coffee at a Perth café laughing at questions about his alleged misdeeds.
He is under investigation by the Australian Securities and Investments Commission, accused of using investor money to fund his lavish lifestyle by buying properties and vintage cars.
Mr Marco's alleged embezzlement is 10 times the $25 million Sydney conwoman Melissa Caddick pilfered from her investors before disappearing on November 12.
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Melissa Caddick was accused of swindling $25million from her investors before mysteriously vanishing on November 12, 2020
Daily Mail Australia is not suggesting the pair are connected in any way.
Mr Marco was confronted by 60 Minutes reporter Liam Bartlett while drinking his coffee before denying he 'duped' his investors.
'I certainly didn't do that, but if you'd make an appointment to speak with me I'd be very happy,' he said.
In December last year, the Federal Court ordered Mr Marco's unregistered managed investment company AMS Holdings to be wound up, and receivers liquidate it and his personal assets to refund investors.
The court judgement state many of Mr Marco's clients were 'mum and dad-type investors who have potentially lost the majority of their retirement assets'.
Investor Troy Adams claimed he lost $400,000 that he invested through Mr Marco's company.
'All my hopes and dreams gone. My home gone. My car is gone. My marriage is hanging on by a thread,' he said.
Patricia Markopolous also claimed her family was duped out of $5 million after investing with him.
Ms Markopolous was married to Mr Marco's second cousin Peter who died more than a year after falling onto his head and suffering catastrophic brain damage.Insurance Loans Mortgage Attorney Credit Lawyer