Cruel property swindler stole $10m from retirees

A financial planner has been jailed for a decade with a judge noting many of his victims were older. (Joel Carrett/AAP PHOTOS)

A financial planner who swindled clients out of $10 million in fake investments lulled one client into a sense of security with visits to her retirement home, flowers and lunches.

Terence Nugara was jailed for a decade on Thursday over a long-running property development scam in which he deceived 28 clients into investing $10 million from their savings and superannuation funds.