GARETH Gates has revealed he lost £250,000 after being tricked by a dodgy Forex money trader. The Pop Idol star admitted being the victim of a cruel scam that cost him his pride - and a quarter of a million pounds.
Gareth, 36, said he set up a meeting with someone claiming to be an expert in trading foreign currencies after seeing his "wealthy friends" make a good return.
But when monthly payments started to slow up in year two, Gareth discovered he'd lost everyone's money. "I’m more careful now as I got burnt once and lost £250,000," Gareth revealed to the Sunday Times. "I was a victim of that.
I got nothing back and it was a big learning curve for me. "I learnt a big lesson that I invested a little bit more than I possibly should have.".
Read more on thesun.co.uk
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