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National

Emily Woods

Mental health spiral behind 'hare-brained' $395m fraud

NDIS Mental Health

A man who's admitted a $395 million NDIS property fraud blames his mental health. (Mick Tsikas/AAP PHOTOS)

A man facing prison for orchestrating a $395 million National Disability Insurance Scheme fraud blames his "extraordinarily stupid conduct" on his mental health, which spiralled after a heart attack.

Demetrios "James" Charisiou, 63, has admitted two obtaining financial advantage by deception and two document fraud charges, after he duped Korean investors into pouring bank credit into fake NDIS property deals.

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