Crypto-trader found guilty of murdering mother in £500,000 life insurance scam

A cryptocurrency trader has been found guilty of murdering his mother in order to claim over a million dollars in life insurance and maintain an illusion of living a perfect life, a court heard.Colleen Rebelo, 58, was found d3ad in the shower by her youngest son at her home in Perth, Australia, on May 25, 2020.It was later discovered that her son, Andre Zachary Rebelo, took out three separate life insurance policies worth a total of $1,200,000 (500,000) against his mother in the week before she died, and named himself as the sole beneficiary. Although Ms Rebelos death was sudden and unexpected, it was never treated as suspicious by first responders who attended her home on the day she died, and an autopsy was unable to identify the cause of d3ath.At the time of the tragedy, Rebelo and his former partner Grace Piscopo, an Instagram influencer who has more than one million followers, appeared to be living a carefree lifestyle of luxury.In Social media posts, they can be seen enjoying lavish holidays, driving flashy cars and living in pampered opulence. But behind the scenes, the couple were struggling to maintain the facade of their glamourous and perfect life and had debts of over $120,000, a jury heard. Just days after his mothers death, Rebelo, 28, started asking the insurance companies to pay out their policies, including one worth $500,000 AUS (252,000).In his pursuit of the money,  Rebelo provided the insurers with fake records about his mothers health and death, phoney copies of her medical records and coroners report, and even left the insurer a voicemail using an AI voice generator to impersonate Ms Rebelos psychologist.It wasnt until years later that an employee at an insurance company suspected the supermarket delivery driver turned cryptocurrency day trader was fraudulently trying to claim life insurance against his mother. Police began investigating the circumstances surrounding Ms Rebelos death following a report of suspected fraud from the insurer, and her son was arrested in connection with her murder two years later. During a two-day trial at West Australias Supreme Court, Rebelo pleaded guilty to fraud but denied killing his mother.  His twin sister and his two brothers testified that they knew nothing of the insurance policies taken out on their mother, and his father maintained his sons innocence. Addressing the jurors, prosecutor Brett Tooker painted a well-outlined picture of the plastic fantastic lifestyle Rebelo portrayed on social media and how he would do anything to maintain it.To the outside world they were rich and beautiful, but the truth was different, he told the court.Andre was in dire financial trouble, he had lived his life on credit, he had a personal loan and credit card debt of more than $40k he was being pursued by debt collection agencies at the time of his mothers death.He was crypto currency day trader he had bankrolled his social media profile.By May 2020 he must have thought his world was closing in around him. Andre Zachary Rebelo was taken into custody on Tuesday this week before facing Fremantle Magistrates Court later the same day charged with one count of murder over the death of his mother His then partner, Ms Piscopo also took the stand during the eight-week trial and said her former partner  had told her he was at his mothers house on the morning of her death. However, secretly taped conversations between the pair months later suggested this was not true and that he hid his location from her.Leading up to his mothers death, Rebelo owed more than $40,000 on a personal loan and in credit card debt.Ms Piscopo owed $70,000 on a car and $40,000 to the Australian Taxation Office, although she was unaware of that because Rebelo managed the couples finances.Speaking outside the court, Rebelos father Antonio told reporters he still believed in his sons innocence.Its sad, and disappointing for everyone. Very sad for everyone, he said The post Crypto-trader found guilty of murdering mother in 500,000 life insurance scam appeared first on Linda Ikeji Blog.