A fraudster who obtained $3 million in a fake investment scheme may have more victims.
Joshua Johnston pleaded guilty to three charges of obtaining by deception in Wellington District Court on Monday.
Johnston took $3 million from people he asked to invest in audio-visual contact and leasing work in the Waikato, offering dividends.
He will be sentenced on August 31.
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Police have issued a plea for other victims, or those who believe they are owed money, to come forward.
Detective Daryl Gera said people who committed such offences could be cunning and determined to take people’s money.
“There should be no shame in any victim of financial crime coming forward.”