Jodie Foster's Dad Facing 20 Years In Prison For Running Investment Scam

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Dec. 3 2011, Updated 4:10 a.m. ET

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By Radar Staff

Lucius Foster is facing up to 20 years in prison for allegedly ripping off over two dozen investors, taking more than $130,000 in an apparent housing scam in Los Angeles, The Daily Beast is reporting.

Jodie Foster's estranged dad was in a Los Angeles courtroom on Thursday, charged with 25 counts of grand theft and 10 counts of contracting without a license.

Mincing no words in his opening statement, Deputy City Attorney Dan Cocek said, “Mr. Foster is a liar and a cheat. He has had a scam going for years to steal money from people. A lot of people fell for it. He sounded so convincing.”

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According to Cocek, the 89-year-old building contractor bilked each of his clients -- who he found on CraigsList --  out of a $5,000 down payment after he claimed he would build them low-cost modular homes for $85,000. He planned to make the three-bedroom, 2,000-square-foot homes out of metal cargo containers from China.

Foster is representing himself in court.

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