Cruel scammer admits spending $ 2 million on VIP lifestyle and fried chicken – Free Press of Jacksonville
MELBOURNE, Australia – An incarcerated and unlicensed financial advisor who claims he is a stockbroker has launched an 11-year A $ 2.7 million ($ 2.08 million) Ponzi program that is his tearing off own family and friends.
Matthew Waij did not graduate from Deakin University with a degree in commerce and was never qualified to provide financial advice.
He cheated on victims, including his stepfather, for a total of A $ 2.7 million ($ 2.08 million) between 2006 and 2017, and splashed out the money on personal expenses like flights, fitness and fried chicken.
Waij, who is serving time on a separate fraud conviction, pleaded guilty to the Victoria District Court on April 21 on 16 charges of obtaining financial gain through fraud.
He also admitted once trying to gain financial advantage through deception and once to stealing.
The 38-year-old withdrew nearly A $ 45,000 ($ 34,711) from his stepfather Sidney Aspland’s retirement account.
Matthew Waij did not graduate from Deakin University with a degree in commerce and was never qualified to provide financial advice. (Olya Kobruseva / Pexels)
Aspland informed the court that he was horrified to discover that Waij, whom he considered his son, had “cheated” on him out of his entire superannuation up to the age of 64.
“This was not an accident that he intentionally did to rob me of my wealth,” said Aspland.
“The hardest thing to deal with on a daily basis is a lack of trust. I’m a laid-back guy but since dealing with Matthew Waij I now have no trust in anyone or anything I’ve been told.
“He is not welcome in my house – neither now nor ever in the future.”
Waij’s uncle William Harding, who lost nearly A $ 168,000 ($ 129,589) with his wife, said he felt there was no light at the end of the tunnel.
“My dreams for the future are all gone,” said Harding.
“He was such a coward for taking advantage of relatives – I took him fishing and the pub for a drink.”
Another victim, dairy farmer Robert Seabrook, who lost A $ 260,000 (US $ 200,554) to Waij, described the 38-year-old as the “worst liar” he had ever met.
“I’m sure we all hope Matthew is locked up and the keys are thrown away,” Seabrook said.
Another pair lost A $ 213,528 ($ 164,708). Court documents indicated that Waij had set up a self-managed super fund for the man called the Harv Dog Super Fund.
Waij used a portion of his victims’ money to pay gambling debts for flights, gym memberships, and JB Hi-Fi, Liquorland, Total Tools, Nando’s, and KFC.
He also spent part of it “robbing Peter to pay Paul,” which Judge Douglas Trapnell compared to a Ponzi scheme.
“When the music stops, there are a lot of people who don’t have a chair to sit on,” said the judge.
Judge Trapnell also said Waij used a “cloak of credibility” that he had while studying, even though he had not graduated.
He added that it was “interesting” that Waij listed his occupation as a “stockbroker” when asked in court.
Waij is later sentenced.
(Edited by Vaibhav Vishwanath Pawar and Ojaswin Kathuria)