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flag Perth businessman Chris Marco sentenced to 14 years for $30M Ponzi scheme, using only 4.4% for investments.

flag Perth businessman Chris Marco was sentenced to 14 years in prison for defrauding investors of about $30 million through a Ponzi scheme, with only 4.4% of funds used for actual investments. flag Found guilty on 43 counts in September 2025, Marco misrepresented investment opportunities, diverting most money to pay returns, luxury purchases, and personal expenses. flag Victims lost homes, savings, and retirement funds, with lasting emotional harm reported. flag The judge ruled Marco knowingly deceived investors, showing no remorse. flag He is eligible for parole after 12 years. flag His assistant was acquitted, and Marco’s legal team said an appeal may be filed.

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