Gambling addict jailed for £3.3million Ponzi scheme scam
A COMPULSIVE gambler was jailed for three years and 10 months yesterday for a £3.3million Ponzi scheme.
Dixon was tried at Southwark Crown Court in London
Using “malignant charisma”, David Dixon tricked hundreds of investors into parting with cash in the hope of quick profits that never materialised.
Dixon, 49, promised huge returns through a phoney “arbitrage” betting scheme and a casino share scam, London’s Southwark Crown Court heard.
Dixon was extradited to the UK from his home in Malaysia.
He admitted fraud by false representation, making misleading statements and dishonestly concealing a material fact from 2004 to 2007.
Judge Alistair McCreath said he was guilty of dishonesty “on a very substantial scale”.