Ailing man lost $118,000 in mail order bride scam

A NOOSA man, who gave $118,000 to a mail order bride in an internet scam, has been told he cannot manage his own finances.

The Public Trustee of Queensland has been managing financial matters for the man, 55, since he went into the Prince Charles Hospital mental health unit on an involuntary treatment order in 2011.

The man, who has not been named in the guardianship judgment against him, has bipolar affective disorder and a history of substance abuse.

He argued in the Queensland Civil and Administrative Tribunal that he did have the capacity to make his own financial decisions but the tribunal found he did not and he was vulnerable to financial exploitation.

QCAT member Julia Casey said the man lost between $150,000 and $200,000 over the internet.

She said he had tried to buy a Noosa property at $419,266, because he believed it was less than its true value, and wanted to use $90,000 of his superannuation as a deposit.

Ms Casey said he did not appreciate his full financial obligations.