ASIC has brought criminal charges against a financial promoter who conned people into investing in a high-yield investment scheme.
Motivational speaker Christopher Koch will stand trial for promoting an investment scheme that duped 16 people into investing more than $1 million.
ASIC alleges that Koch dishonestly promoted a fictitious high-yielding scheme to people between 1996 and 2000.
The charges follow his arrest in December last year.
At the time of his arrest Koch was in New Zealand. He was extradited to Australian in January.
The matter will be heard in the Melbourne County Court in November.
