Foster ‘conned $2m in bitcoin’

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A Hong Kong businessman who dreamed of making it big in online gambling was allegedly duped by a serial Australian conman into transferring the equivalent of almost $2m in bitcoin to a sham account set up under the fake name of Bill Dawson. Police allege Peter Foster, 57, pocketed $1.73m in stolen bitcoin by tricking Konstantinos Stylianopoulos into transferring between $125,000 and $890,000 over nine months from April 2019. He has been charged with five counts of publishing false and misleading material to obtain an advantage, 10 counts of dishonestly obtaining financial advantage by deception and knowingly dealing with the proceeds of crime with intent to conceal.Detective Acting Superintendent Paul Dunstan said Mr Foster, whom he described as a “recidivist offender”, had been under police surveillance since June. Mr Foster’s solicitor briefly appeared in Central Local Court via video link on Tuesday and did not apply for bail, which was…

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