A former Coffs Harbour grandmother, who defrauded local investors of $7.5 million, will serve another six years jail for her latest scam.
A former Coffs Harbour grandmother, who defrauded local investors of $7.5 million, will serve another six years jail for her latest scam.

Scamming granny gets long stretch

FORMER Coffs Harbour grandmother Patricia McKittrick, who ripped off Coffs Coast investors to the tune of $7.5 million might die in jail with a trail of victims owed a fortune.

The 70-year-old has had six years added to her jail sentence for a ponzi share scam, which netted $2 million from Hunter Valley investors.  

Judge Peter Maiden said Patricia McKittrick's deceit was in the worst category because she was bankrupt and on bail for running a Ponzi scheme in Coffs Harbour when she set up another scheme in the Hunter in 2007.

Promising to invest $2.2 million of her victim's savings into shares, McKittrick used the money to lead a lavish lifestyle, including overseas trips and the purchase of a purple BMW convertible.

For the full story go to:

http://www.theherald.com.au/news/local/news/general/pensioners-2m-deceit-was-worst-kind/2635819.aspx



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