Aussie conman Peter Foster faces $1.5M fraud charges

Peter Foster is about to spend more time in police custody.

The 54-year-old was ordered to two months in jail after a fresh fraud case against him was adjourned in a court in Sydney on Thursday, The Daily Telegraph reported.

According to court documents, Foster has been charged with five counts of publishing false misleading material to obtain advantage and two counts of dishonestly obtaining financial advantage by deception. Authorities said Foster used the identity “Mark Hughes” to extract money from a South African man living in Western Australia, who invested $150,000 in Foster’s online betting company, The Sports Trading Club, in 2013.

Police said Foster and an accomplice also tried to convince the victim to buy the club’s South African license for $1 million. Foster allegedly convinced the man to deposit the money into a Hong Kong account under Bella Development Pty Ltd. to purchase the license, according to The Sydney Morning Herald.