Couple allegedly uncovers scam after chasing their $2m

AFTER almost six years chasing down $2 million they allegedly invested with a Maleny financial advisor and handing over another $132,000 in retrieval fees, a Perth couple decided they had been "scammed".

Lorna Kyle told Brisbane District Court how Peter Hugh Mettam repeatedly told her and husband Trevor their money - which they had planned to use for retirement and to start orphanages in Kenya and Thailand - was close to return.

She said throughout many phone calls, Mr Mettam told her their funds were in the United States, Malaysia, Belgium, Spain, the United Kingdom and Dubai.

Mr Mettam is facing a trial in Brisbane District Court after pleading not guilty to two counts of fraud.

Mrs Kyle alleged Mr Mettam kept asking for more money for clearance fees and other associated costs to secure the money release back to them.

She said they gave Mr Mettam another $132,000 over 16 transactions between September and November, 2007, for what they believed were bank fees, clearance fees, accommodation for a British residency and travel to Dubai.

"No clearance, no release," she said she was told.

Mrs Kyle said it was when Mr Mettam rang on November 7, 2007, that they decided to go to police.

"My husband asked a number of questions and as a result of that, my husband determined we had been defrauded or scammed," she said.

"We have never received any funds."

The trial is listed for three weeks.