Katie Price’s ex Lee Andrews latest con ‘exposed’ as now penniless businessman claims he handed over $200K – after former glamour model said he had ‘scammed her heart’

Katie Price’s estranged husband Lee Andrews reportedly conned a man out of his $200,000 (£148,459) life savings – meaning he was forced to live in his car.

On Wednesday morning, Lee claimed on Good Morning Britain he has $50million in a crypto wallet as he spun his latest outlandish claim from Dubai’s Al-Awir prison.

During her appearance on the show, Katie played a voice note from Lee where he continued to insist he is a multimillionaire after their recent split.

But now businessman Nicholas Fiaschetti, 40, has claimed that he was left penniless after investing into a business promoted by Lee in 2024. 

Nicholas claimed Lee told him he would get double his money back plus 20 per cent of the shares during a meeting at the Four Seasons Hotel on the Palm Jumeirah.

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.’

Nicholas also said that Lee’s father Peter, who has also just been jailed on fraud allegations, posed as an international lawyer when he quested where his money had gone.

Katie told viewers how Lee ‘scammed her heart’ as she broke her silence on their split and branded their marriage ’embarrassing’.

The former glamour model parted ways from her husband of eight months in early September after discovering ‘he had just £2.22 in his account, despite claiming to be a millionaire’.

The TV personality has since consulted a divorce lawyer, while Lee remains in prison in Dubai and delivered a voice note from behind bars saying the split is ‘for the best’. 

Katie told hosts Susanna Reid and Ed Balls: ‘I feel embarrassed because I feel he scammed my heart. Do you know what I mean? 

‘I feel like he scammed my heart and stole my trust that I had and me defending a man constantly because he made me believe that, “Kate, come on, you know I’m not like this.”‘

Lee had claimed he had $50million in a cryptocurrency account, but Katie recently found out he had just $3 (£2.22). 

She added: ‘He hasn’t scammed me for money, but I feel he has scammed me because he fabricated a person that doesn’t exist.’

At the beginning of the segment, they also played Lee’s voice note from prison as he admitted: ‘Divorce is for the best.’ 

He said: ‘I never throw Kate under the bus. I do feel that that’s happened to me, and it looks like there’s profit to be made from her side. 

‘And obviously, some things have happened recently while I’ve been in civil jail. I’m not being convicted of any crimes, nor am I a criminal. 

Lee then claimed that he has ‘funds’ and Katie was ‘exposing the wrong amount in a wrong wallet’ and that personal finances should be ‘between husband and wife’. 

Ending the voice note, he said ‘as far as filing divorce, I think that’s probably the best thing for it… I love Kate and always will.’

After hearing the lengthy voice note, Katie said: ‘It is exhausting, and I’m sitting here listening and I’m just shaking my head because where do I start?’

Believing that he does love her, she explained: ‘I do believe he did, and I think he’s got himself in such a situation where I think where he copy and pastes what he says to women, that he actually did fall from it.’

She continued: ‘I love him, but who is he? I love the man I met, but I just can’t take it. I’m not stupid, you know. I’ve been stupid. 

‘Well, obviously, I was stupid to fall for him. I’ve heard the same thing. I’ve heard it for nine months. I’ve heard it. He’s been in prison for two and a half months. I’ve heard from day one he was being extradited back to England. 

‘I’ve heard the same story every day. I’m coming out tomorrow. I’m coming out tomorrow… There’s only so much I can take.’

She also revealed that a ring Lee allegedly told her was worth £72,000 was valued at £5,000 when she attempted to have it insured. 

She found out it contained lab-grown diamonds, stressing that whilst she had no issue with the diamonds’ origin, she hates the fact it was another lie.  

Reflecting on another red flag, Katie told GMB that she also believed Lee’s claims that he owned a lavish property in Dubai.

She explained how he has shown her photos and videos of the house before they met in person and later drove her to the property, but they were never able to go inside. Lee told her he was having issues relating to a civil matter with the property.

The mum of five told Susanna and Ed that her ex partners tried to warn her about Lee, whilst she also thanked the media for exposing his lies.  

‘I’ve read stuff, I’ve taken it onboard, but I have to thank the media as well because they’ve investigated him and as much as I’m like, “No, that’s not true because Lee’s telling me it’s not true.”

‘It’s come to the point where I have found out stuff myself to be like, yeah, this is a joke.’

Revealing what her family think of the situation, she added: ‘They said, “Well, it’s your own fault. We have told you,” and they’re right. Everyone has been right, but I had to find out myself because I have got Lee, and I’m the one who’s met him. 

‘I’m the one who spent time with him, and it’s so believable. You know, when you’re in Dubai and he’s taking you these places, he’d take you in a jewellery shop, try on rings and stuff.’

Katie concluded: ‘Do you know one positive that’s come out of it is where he has been in Dubai, and so I haven’t been around him a lot, I’ve loved being on my own in my own space without a man in my pocket, and I’m not sitting here like in previous relationships, heartbroken. 

‘Like I’m sitting here with a smile on my face because, in a way, he’s done me a favour to make me realise: “Of course you could be on your own, Kate. Look what you can do,” and I’ve loved it. 

Confirming that the marriage is over for good, she added: ‘It is a shame it’s come to an end because I can’t let this drag on, and I won’t let it drag on. If only he was honest to me. That’s all I ask.’

Katie’s final message to Lee, 43, on WhatsApp earlier this month is reported to have said: ‘I have been played and you are not who you say you are. Why have you lied to me?’

According to The Sun, he had told Katie he had £37million in a crypto bank account. Lee, who is currently back in a Dubai jail, is thought to be struggling to find the funds to pay the fine for his release. Katie had no plans to see him.

Sources close to the situation said she had ‘come to her senses’ over Lee.

The insider told the publication: ‘It was, of course, an accumulation of many things but the final straw came after Lee had told Katie he had $50million (£37million) in a crypto wallet, and promised her some of the funds.

‘He gave her the “recovery phrase” – the passkey – to get into his account, and on Monday she had a financial expert access the wallet – and, to her shock, discovered it contained just $3, or £2.22.

‘Lee never had $50million; he doesn’t have a bean. The most he ever had on any one day was in March for $14,490 (£10,720) which was sent out the very same day.’

Katie’s marriage to Lee has been tumultuous. Since tying the knot with the controversial business leader following a whirlwind romance, Katie’s relationship has been plagued with drama including Lee’s prison stints, kidnapping, his various lies and accusations of scamming his exes. 

Lee remains in jail despite reports he was released last month. The conman business leader was said to have been released in July following his second spell in Dubai’s Al Awir prison after being hit with fraud claims.

Earlier this month, it was claimed Lee was never released, with sources reporting his fellow inmates are ‘fed up with his constant lies’.

The Sun alleged Lee has been telling inmates his exit paperwork is ‘sorted’ each week, but as each new week comes he remains in prison. Katie previously vowed to hold her husband to account for ‘hurting other people’. 

In her podcast, Katie said: ‘In fact, I’m going to get Ben [the producer of Katie’s podcast] to interview him and Ben is going to delve in deep and I want to hear everything and it’s too much and I don’t like people hurting people.

‘That’s all I’m saying on it, I’ve not put anything up online, so you’ve heard it here for the first time.’

The Daily Mail reached out to Katie’s reps who declined to comment.