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31.05.2024 - 14:53 / manchestereveningnews.co.uk
A former footballer who conned his victims out of more than £30,000 in a cryptocurrency scam has narrowly avoided jail. Louis Myers, 26, promised his investors that they would make profits as part of the ‘get rich quick scheme’.
But instead, he simply kept the money in his bank account and splashed out ‘considerable’ sums on expensive designer clothes, and frittered it away in nightclubs and casinos. He defrauded five people, with one losing £15,000 and another £10,000, Manchester Crown Court heard.
Myers, who played for sides including FC United of Manchester and Radcliffe Borough, avoided being sent to prison after a judge was told that his incarceration would lead to the loss of 10 jobs at the company which he is a director of.
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The man who lost £15,000 said he couldn’t sleep or eat after learning his money had gone. He said: “I was embarrassed and ashamed I could be so stupid for falling for such a scam.”
The five victims have not got their money back, and Myers now faces an investigation under the Proceeds of Crime Act. Prosecutors told how Myers' victims were people who he knew, or he had been recommended to by associates.
He claimed to have ‘acted for a number of well-known footballers’ as part of his cryptocurrency trading. But when his victims began asking questions about where their money was, Myers at first offered excuses and then did a ‘disappearing act’, becoming uncontactable.
He had previously told a number of them that their investments had increased in value. They respectively lost £15,000, £10,000, £2,000, £2,000 and £1,500.
No contracts were exchanged and the investments were made on an ‘informal’ basis over a
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