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BusinessLatest

Lee Andrews accused of deceiving businessman out of $200K life savings

Managing Editor
Last updated: September 17, 2026 5:53 pm
Managing Editor
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Lee claimed on GMB he has $50 million in a crypto wallet
Lee claimed on GMB he has $50 million in a crypto wallet

Katie Price’s estranged husband, Lee Andrews, reportedly deceived a man out of his $200,000 (£148,459) life savings, leaving him to live in his car.

Appearing on Good Morning Britain on Wednesday, Katie Price opened up about her heartbreak following her split from her husband, Lee Andrews, for the first time.

At a point, Katie played a voice note from Lee, in which he continued to insist that he is a multimillionaire despite their recent split.

However, Lee claimed on GMB he has $50 million in a crypto wallet.

Now, businessman Nicholas Fiaschetti, 40, has come forward in the media spotlight, claiming that he was left penniless after investigating in a business promoted by Lee in 2024.

Recalling how Lee garnered his trust, he told The Sun said: ‘He had so many people connected to him telling me I could trust him – and as an investor and businessman I was interested.

‘Lee worked hard to earn my trust. He tapped into my belief system in God, he made me think we both had the same way of thinking, the same morals and values.

‘Our conversations went on for a long time before any talk of investing came up. I honestly trusted him.’

It is pertinent to mention that the former glamour model parted ways with her husband of eight months in early September after discovering ‘he had just £2.22 in his account, despite claiming to be a millionaire.’



2026-09-17 11:58:00

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