Foster links to Ponzi scheme

GOLD Coast conman Peter Foster will likely begin an 18-month long prison sentence in Brisbane, after being arrested in Byron Bay on Tuesday night.

The 52-year-old was taken into custody barefoot and sporting a grey beard and long hair, after spending almost a year on the run.

He was convicted in a NSW court yesterday after pleading guilty to charges of assaulting police and resisting arrest.


He will also face a charge of resisting arrest.  Also on Tuesday night Foster was taken to hospital for health checks after complaining of chest pains.

Foster had been hiding since he failed to appear at a Federal Court hearing in Brisbane in December last year.

He has commenced an appeal against a three-year prison term for his part in the sale of the bogus weight loss spray.

The appeal was thrown out in March.

Then on Wednesday night the Sydney Morning Herald began reporting that Foster was operating a Sports Trading Club while hiding from the Australian Crime Commission in northern New South Wales.

The paper says hundreds of investors in the international gambling syndicate could lose millions of dollars, after Foster was arrested.

A source told the Sydney Morning Herald that the conman had six mobile phones and several computers in a home office that revealed he was a key player in a syndicate that claims to have offices in London, Sydney and Hong Kong.