David Fairfull founded Metigy in 2015 and used funds stolen from investors to buy two luxury properties, one in Sydney and another near the Southern Highlands.

David Fairfull founded Metigy in 2015 and used funds stolen from investors to buy two luxury properties, one in Sydney and another near the Southern Highlands.

The former chief executive has been told by his own lawyer that a jail sentence is unavoidable after pleading guilty to fraud.