Kristofer Ridgway,who scammed clients and pocketed more than $1.5 million in secret commissions,has been released on bail by a Queensland magistrate and will return to court in February.
The Sydney-based director’s ban comes after years of being on ASIC’s radar and an investigation by this masthead uncovering his involvement in April.
Self-confessed conman Kris Ridgway has been hit with urgent legal action to stop him leaving the country in the same week he sent a taunting message to his wife.
Kris Ridgway sold unlisted shares to unsuspecting clients,hoping the companies would be listed. They weren’t. This is the email that exposed his wrongdoing.
Kris Ridgway sold unlisted shares not approved by his prestigious firm. They didn’t list and the scheme is quickly unravelling.
The disgraced financial adviser tells of how he extracted hundreds of thousands of dollars from dozens of investors all while he made fat – and illegal – commissions that allowed his family to live the high life. Then he turned on them,too.