“He is aware of the number of his victims in the court today and is painfully aware of the fact that he is the source of their misery.”
Judge Forster told the court that he had stepped outside the sentencing guidelines due to the seriousness of Dhanda’s offending and said that the impact of the offending “could not be put into words”.
He said: “It is clear from the prosecution’s opening that you have betrayed those who trusted you.
“You targeted those of a charitable inclination and took advantage of their good nature.
“You put forward a dream world in which their investments could not fail.”
According to the Financial Services Register, Dhanda has been inactive since November 2013.
Between September 2013 and November 2013 he was part of the Truly Independent network and before that he was part of Tenet Connect.