A Melbourne high school student who allegedly swindled $185,000 from unsuspecting school connections has said the saga was “actually becoming funny”.

Claims from parents and students at exclusive Melbourne colleges saw former Scotch College student Alex Beniac-Brooks investigated by police.

They said Beniac-Brooks had proposed a ‘get rich quick’ scheme, selling luxury clothing items including shoes, clothing and watches.

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Investors could more than quadruple their money, he allegedly claimed, but they never saw a cent in return.

But Beniac-Brooks said he now saw humour in the scandal.

“I think people who haven’t moved on need to do something with their life, it’s not affecting me – I don’t think it should be affecting other people,” he told the Herald Sun.

“I don’t even care anymore, there’s nothing that will happen, it’s been five or six months.

“It’s actually just becoming funny.”

Police dropped their investigation in August, after victims – which included students from Scotch College, Melbourne Grammar, Haileybury College, St Kevin’s College, Trinity Grammar, Brighton Grammar and Camberwell Grammar – failed to come forward.

The young student said he was “over everything” to do with the scandal and advised anyone who sought their money back to go through lawyers.

He changed schools earlier this year and finished Year 12 at Kew High School.

“I’ve made my mistakes in business. People make comments on Facebook posts, I don’t care,” he said.

“My parents have been supportive. If I was in a different family they probably would have kicked me out of the house.”