Peter Foster at Gold Coast Airport yesterday as he is extradited to NSW.

Police allege the investor transferred $1 million to Hong Kong company Bella Developments before Hughes disputed the amount owed and demanded further payments. After being tipped off to his real identity, the investor allegedly looked Peter Foster up online and discovered he had been dealing with ­Australia’s most notorious conman. Foster says he will “vigorously” defend the charges.

A private investigator with IFW Global, Ken Gamble, who has pursued Foster for years, yesterday said he was “continuing to seek the recovery of clients’ money”.

Up to $32 million was believed to have been invested in Sports Trading Club, which claimed to use savants to predict sports winners.

Source: dailytelegraph