A MAN accused of conning Portsmouth’s Bangladeshi community out of £750,000 has been found seven charges of fraud.
Golam Rashed Chowdhury was a prominent member of the city’s Bangladeshi community but he ripped people off who each invested thousands in his made-up schemes.
The jury at Winchester Crown Court is still trying to reach a verdict on three remaining charges of fraud.
Chowdhury offered various ways of investing money, such as non-existent business ventures.
But he kept most of the money and sent it to people, including his father, in Bangladesh.
After a six week trial at Winchester Crown Court the jury, who were down to five men and five woman after two dropped out due to illness, found him guilty today.
The 27-year-old, of Penhale Road, Fratton, Portsmouth, is due to be sentenced at a later date.
When confronted by one woman, Shajna Begum who invested £25,000, Chowdhury told her he had been kidnapped by the Mafia who had stolen all the money.
He would offer people different ways of investing their money, including buying cheap air tickets or investing in businesses that did not actually exist.
When he was arrested in June last year he told police he never promised to invest money for anyone and that the sums he received were loans.