Cold-call investment scam fraudster Brian Kelly fails in sentence appeal bid

A MAN who fleeced mum-and-dad investors out of $1.3 million in an elaborate, cold-call investment scam has lost a court bid to have his eight year jail sentence reduced.
Brian John Kelly, 36, operated the scam from his inner Brisbane home after being released on bail for operating a similar scheme in his home state of Victoria.
In the Brisbane District Court in February, he pleaded guilty to fraud and money laundering, admitting to duping 36 people into transferring him money by convincing them they were investing in high-yield share funds.
He was sentenced to eight years and seven months in jail but appealed the sentence in the Queensland Court of Appeal on the grounds it was manifestly excessive.
On Tuesday, the court threw out the application.
The 36-year-old father-of-one has been in custody since his 2014 arrest and will be eligible for parole in February next year.
The court heard Kelly, an ice addict, used the fraudulently obtained funds to bankroll a luxury lifestyle.
When police raided his home in the affluent inner Brisbane suburb of Paddington in early February 2014, they found, according to the court, “a large number of luxury goods” including a motorbike and jewellery, receipts for items totalling more than $11,000 and a small amount of cocaine.

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