Serial conman Peter Foster, currently on remand in a NSW prison, awaiting trial over unrelated fraud charges involving a betting scam, has been declared bankrupt because he failed to pay court costs over a scam weight loss program known as SensaSlim.
The Federal Court declared Foster bankrupt last week on an application from the Australian Competition and Consumer Commission (ACCC), which took the repeat scammer to court over SensaSlim back in 2013.
The consumer watchdog has locked horns with Foster numerous times over 30 years, and as well as being jailed and banned as a company director previously, the serial fraudster has been convicted of a range of offences in several countries, as far back as the 1980s…
Read the full article at: https://www.businessinsider.com.au/peter-foster-conman-bankrupt-2018-1
