OCTOBER 16, 2002
F1 leads people astray...
Troth's defence is that he was dazzled by the jet set lifestyle of his clients and began to take money from his clients to fund a similar lifestyle. At the time he was managing portfolios worth over $1bn. Troth used the money to buy and renovate property. The internal audit revealed 150 illegal withdrawals from the accounts under his control.
The prosecution is demanding that Troth be imprisoned for four years.