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A gambler who swindled his own friends and family out of more than £800,000 to bankroll a jet-set lifestyle of luxury cars, designer watches and sun-soaked holidays has been jailed.
Kenny Sanders, 38, from Canterbury, Kent, posed as a successful businessman but was secretly a hopeless gambling addict who blew his victims' life savings on all-day betting binges.
For six years, Sanders duped more than 30 trusting friends, relatives and colleagues into investing in a fake IT company then frittered away their cash - between £50,000 to £350,000 - in a string of high-stakes gambling sprees that ran from dawn until the early hours.
Some of his victims were left homeless, others lost their businesses, and one woman - who invested three-quarters of her life savings - was left devastated when the truth emerged.
Desperate to keep up appearances, Sanders dressed the part of a city high-flyer — splashing out on designer clothes, flashy watches and first-class holidays — while his victims were plunged into debt and despair.
The conman eventually handed himself in, phoning a police non-emergency line to admit what he had done.
Detective Constable Mark Huttley of Kent Police, who led the investigation, described it as the largest fraud case of his career, saying Sanders had 'destroyed lives' to fuel his addiction.
'Sanders gained the trust of family and friends, making them think he was nothing other than a respectable businessman but in fact he was conning them in order to fund his own gambling habit.
'Victims have lost homes and businesses due to his lies and it is right that he now faces the consequences of his actions.
'He has ruined their lives for nothing more than to fund and fuel his gambling addiction.'
After admitting 11 counts of fraud by false representation, Sanders was jailed at Canterbury Crown Court for six years.
The court heard how Sanders had set up an IT company, Green Source IT Ltd, which he used to trade with clients.
He conned his victims - many of them close friends, family and colleagues he'd known for years - to invest in his company.
However, Sanders was in fact using the money to fund his spiralling gambling addiction.
The court was told that between 2012 and 2018, Sanders took money from more than 30 people, promising them returns in the range of three to 20 per cent every 40 to 60 days - but these returns never materialised.
Enquiries made with the Gambling Commission showed he was gambling away millions of pounds during the same time period.
It was heard Sanders would gamble on horse racing, greyhound racing and football matches and once went on a betting spree lasting from 7am one day through to 1am the following morning.
One of his victims, Adam Woollcott, a friend of Sanders who met him playing football, told the court he'd lost 'everything' in the fraud.
The court heard Mr Woollcott had not only invested inheritance money into his friend's business but also took out loans.
He said the 'overwhelming' financial stress that resulted, as well as the emotional impact of being conned, had left him in 'an incredibly dark place'.
'I have lost everything - my car, my house - and I have been left in debt,' Mr Woollcott said.
He added that Sanders knew the 'deep, personal value' of the money he had given to him.
DC Huttley, speaking after Sanders' sentence, said some victims were forced to remortgage their homes to raise the money, whilst others set up secondary businesses to invest in his company.
One disabled woman invested 75 per cent of her life savings after meeting Sanders through a mutual friend, the court heard.
DC Huttley added that Sanders had 'many more' victims, but that their claims either failed to meet a criminal threshold, or they simply did not follow through with them.
'It's the biggest fraud I have personally been involved in,' he said.
'There were a lot of victims involved. It was a really unusual case from the outset.
'It's not every day that someone reports themselves for defrauding people they know out of that amount of money.
'Some victims were so wrapped up in the web of lies Sanders had created that they themselves had encouraged others to 'invest'.
'The victims have been through a lot over the last eight years.
'A lot of them were close friends of Kenny Sanders, business acquaintances as well.
'People had been going through rough times and needed something to invest in. He took their money from them.
'One of the chaps sold his house and put the profits into this investment.
'Another had to sell their house purely under the promises that Kenny Sanders made to them.
'It just ended up being a Ponzi scheme - he began paying people with other people's money.
'Many victims paid out money from their inheritance that they would have spent on other stuff had they not been deceived by Sanders.
'Fraud is theft by lying. Sanders portrayed himself as a successful businessman and used the gift of the gab.
'He went on lavish holidays and had designer watches and clothes.'
On how he finally turned himself in, DC Huttley revealed that Sanders had rang a non-emergency reporting line.
'It's something I've not heard of before,' he admitted. 'By the time he confessed, I think he had a moment of clarity.
'He did come across as remorseful, but was that truthful? You can just never tell. Yes, he had an addiction, but he used other people's money to fund that addiction.
'I hope this case shows that Kent Police take fraud offending very seriously indeed.'