The high profiled motivational speaker, Christopher Philip Koch, has been found guilty of grabbing more than $1 million out of 11 victims under the fictitious international investment program.
In Melbourne County Court, on Friday, the motivational speaker felt the heat of 23 charges geared by the Australian Securities and Investment Commission during a nine-week trial.
Mr Koch was taken into the custody by Australia from New Zealand in early 2007, after an ASIC investigation revealed that he had used victim's funds between 1996 and 1999 for his own motives. Further Mr Koch voiced that the investors would receive returns somewhere between 50 and 150 per cent in short periods of 90 days.
He was found guilty on 15 counts of taking property by betrayal, seven counts of taking financial advantage by deception, which comes to a total of $1.152 million, and one count of offering and inviting the people in an interest scheme, which accounts for a total of $1.742 million.
Mr. Koch has been put on remand and taken into custody. He will return to Melbourne County Court on June 16 for pre-sentencing sessions.
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