Katie Price’s estranged husband, Lee Andrews, has been accused of deceiving a businessman out of his $200,000 life savings, allegedly leaving him without enough money to afford a home.
The allegation emerged after Price discussed the breakdown of her eight-month marriage to Andrews during an appearance on Good Morning Britain on Wednesday.
During the programme, Price played a voice note from Andrews in which he continued to claim that he was a multimillionaire despite their recent separation.
Andrews also claimed during the programme that he had $50 million in a cryptocurrency wallet.
Businessman claims he lost life savings
Businessman Nicholas Fiaschetti, 40, has now come forward, alleging that he lost his savings after investing in a business promoted by Andrews in 2024.
Speaking to The Sun, Fiaschetti recalled how Andrews allegedly gained his confidence before the investment was discussed.
“He had so many people connected to him telling me I could trust him,” Fiaschetti said, explaining that he was interested in the opportunity because of his background as an investor and businessman.
He claimed Andrews spent considerable time building a relationship with him before raising the subject of investment.
“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,” Fiaschetti said.
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“Our conversations went on for a long time before any talk of investing came up. I honestly trusted him.”
Fiaschetti alleges that the investment ultimately left him without his $200,000 life savings and forced him to live in his car.
The allegations have not been independently established, and Andrews’ response to the claims was not included in the report.
Katie Price’s split from Andrews
The allegations come shortly after Price and Andrews ended their marriage.
The former glamour model reportedly separated from Andrews in early September after allegedly discovering that he had only £2.22 in his bank account despite previously claiming to be a millionaire.
Price had been married to Andrews for around eight months before their split.
Her appearance on Good Morning Britain marked the first time she publicly discussed the heartbreak surrounding the end of their relationship.
The latest allegations have also drawn attention to Andrews’ previous claims about his wealth, including his statement that he holds $50 million in cryptocurrency.
