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ABC News
ABC News
Business
court reporter Jamelle Wells

Conman Richard Ayoub jailed over multimillion-dollar scam targeting retirees

An American man living in Australia on a working visa has been jailed for scamming retirees out of about $3 million.

The District Court heard Richard Ayoub, 53, used money entrusted to him by investors to buy Bitcoin, instead of putting it into bonds in the US and Japan.

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