PC Reshat Kemel was accused of breaching the Met’s standards of professional behaviour in respect of discreditable conduct.
He was dismissed last week after pleading guilty to two counts of fraud by false representation in August.
He offered one of his victims the opportunity to invest money with him, promising sizeable returns, but the money was never returned. An investigation found that the money was never invested, and it is believed that Kemel spent it.
The second count related to the sale of a property abroad that left another victim out of pocket.
In November, he was sentenced to 30 months’ imprisonment, suspended for 18 months, plus 200 hours of unpaid work and ordered to pay £1,800 ($1,425, €2,045) in costs.
The court heard that he had raised £8,000 in compensation for his victims.
Gross misconduct proven
The Met’s Directorate of Professional Standards launched an investigation following a public complaint and Kemel was subsequently arrested on 19 May 2015.
He was charged on 22 October 2016 with two counts of fraud after consultation with the Crown Prosecution Service.
The special case hearing panel on Friday 1 December 2017 found gross misconduct proven and Kemal was dismissed without notice.
He did not attend the hearing.