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"His corrupt scheme was simply a vehicle to fund his lifestyle and to satisfy his own debts.
Jonathon McCrae, 41, was best man at the weddings of two of those who invested in his scheme, which he told them could produce returns of as much as 800%.
"The damage he has done is incalculable and he simply does not realise the monetary cost to his victims was just the tip of the iceberg one of his victims has suffered three heart attacks as a direct result of the worry he suffered.
Mark Wright returned to England in October so his child could undergo surgery. Mr Lee said McCrae led his friend to believe he could afford medical treatment for his ill daughter anywhere in the world.
dreams have been completely shattered as a result of his deliberate and incomprehensible deceit.
Speaking after the case, Detective Constable Rick Armstrong, of Bolton CID, said: "McCrae is without a doubt one of the most selfish Nike Women Crop Top
McCrae's scheme started to unravel as his investors grew suspicious by the lack of return on their investments.
Mr Lee said: "Both Bennett and Brown trusted McCrae implicitly. When they were invited to join with McCrae in this scheme, this trust was key to persuading them to invest."
Bolton Crown Court heard victims were fooled into thinking their investments were making huge profits as they embarked on lavish lifestyles with foreign properties and fast cars.
He started a sham company, the Sandywell Spread Investment Group (SSIG), for which he held annual general meetings, regularly produced false financial statements, and even wrote newsletters to maintain the air of authenticity.
Ian Lee, prosecuting, told the court how McCrae tricked those who trusted him by producing false financial statements which showed his so called fund had more than 2 million, when in fact the true amount was just 37.
individuals I have ever come across.
He said: "By June 2008, he had invested his entire life savings. He was also Nike Dri Fit Hoodies
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McCrae was jailed for three years and four months.
He was arrested on his return to England on November 19 last year. He pleaded guilty to eight counts of theft and six counts of false accounting on January 22 of this year.
living way beyond his true wealth encouraged by McCrae who filled him with dreams of early retirement."
A conman from Bolton stole more than 400,000 from his best friends in a spread betting scam.
In January 2007, McCrae started a job with Nestle in Switzerland. Here he started to trick another man, Mark Wright, whom he met through his work. McCrae persuaded Mr Wright, whose daughter suffered heart problems, to invest in a scheme which he said would generate profits by exploiting fluctuations in international Nike Running Jackets exchange rates.
"He wickedly abused the trust of his close friends and their families, who invested life savings based on a tissue of lies and deceit. He then fled this country in an attempt to escape justice.
One was led to believe he could afford expensive treatment for his sick child, who needed heart surgery.
400k from friends in investment scam
"While he has rightly been sentenced, many of his victims will not feel justice has been done until they get their money back.
"All the money is gone and a lot of hopes and Nike Tracksuit Mens Black
McCrae, from Bolton, Lancashire, acted as best man to the two people he stole the most money from. Steven Bennett and his wife, Karen, invested 97,685 in McCrae's bogus scheme, and his childhood friend, Ritchie Brown, gave him 104,000.
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