Scammer Kevin Foster
Details |
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Name: | Kevin Foster |
Other Name: | |
Born: | 1958 |
whether Dead or Alive: | |
Age: | 0 |
Country: | British |
Occupation: | former hedge fund manager |
Criminal / Fraud / Scam Charges: | |
Criminal / Fraud / Scam Penalty: | 10 years imprisonment |
Known For: | KF Concept Ponzi scheme |
Description :
Kevin Foster (born 1958/1959) is an English investment fraudster, convicted of 14 counts of deception and theft in relation to his operation of a ?34m (approx $51m) Ponzi scheme, which ran from 2002 to 2004.By the time Foster was stopped, police discovered his scheme, originally called KF Concept but later renamed to Phase 9, had taken money from 8,500 investors, mainly drawn in through his series of flamboyant roadshows across the UK.