Published: 14:00, 14 September 2015
| Updated: 14:44, 14 September 2015
Deceiving dealer Daniel Burgoyne has been forced to dish out his leftover fraudulent earnings to the investors he conned.
The 24-year-old Folkestone man, who is nine months into his two-year sentence after admitting 18 fraud charges, attended Canterbury Crown Court from Standford Hill open prison in Sheppey.
Under the Proceeds of Crime Act, Judge Simon James ordered him to return the remainder of his money £27,427.58, seized by police, pro rata to his 18 victims.
It means they will each receive a proportionate amount of compensation relevant to the amount of money they invested and lost.
The sum was all the "real diamond geezer", formerly of Cheriton Road, had left from the £75,000 he obtained from his clients who thought they were investing in carbon credits, diamonds and wine.
The rest he had blown on the "high life" including in casinos, on champagne and holidays abroad.
Victims thought they were making investments but actually Burgoyne was just an ex-butcher lodging with his mum.
He wasn't running his two companies Elite Broker Company and Elite Commodity Markets from Old Broad Street in London, instead out of a unit at Shearway Business Park in Folkestone.
Judge James had previously told him he had deliberately targeted people who were struggling to sell carbon credits by offering unrealistic returns.
Prosecutor Paul Tapsell argued the £27,000 should be given to one victim "the most significant loser" who lost nearly £33,000, however Judge James disagreed.
He said: "Why should they be the one that benefits when the criminality reflected against all is the same?"
Burgoyne is also banned from being a director of a limited company for seven years.
He was told that despite this concluding criminal proceedings against him, his victims could still choose to pursue him in the civil courts.
More by this authorEleanor Perkins