Tags: Criminal.
Kevin Foster is a British investment fraudster convicted of 14 counts of deception and theft in relation to his operation of a £34m (approx $51m) Ponzi scheme which ran from 2002 to 2004.By the time Foster was stopped police discovered his scheme originally called KF Concept but later renamed to Phase 9 had taken money from 8500 investors mainly drawn in through his series of flamboyant roadshows across the UK.In 2010 Foster was sentenced to 10 years imprisonment though that was reduced to 9 years on appeal after several convictions were overturned.