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AAP
AAP
National
William Ton

Retiree investment scammer jailed

A man has been jailed for his role in a Bitcoin scam which defrauded investors of $3.5 million. (Joel Carrett/AAP PHOTOS) (AAP)

When more than a dozen retirees entrusted Richard Emile Ayoub with millions in life savings to invest on their behalf, the self-declared strategic thinker used the cash to buy Bitcoin.

The American Sydney resident has been sentenced to two years and six months in prison with a non-parole period of 18 months after 21 investors were defrauded of $3.5 million from January to February 2021.

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