Robert J. Fedor, Esq., L.L.C.

Man accused of ponzi scheme arrested in Peru

If you live in Ohio, you've probably heard about the arrest of a man believed to have taken part in a ponzi scheme in Northeast Ohio. Illegal income can lead to charges from the IRS, as this man is finding out now, but he still deserves a good defense and to be protected as innocent until he's proven guilty. If you're charged for tax evasion or other crimes, you may want to speak with an attorney.

The Dec. 11 report claims that the man was wanted by the FBI in connection with a Ponzi scheme that was worth around $65 million. The man was arrested in Peru, according to reports, after he spent nearly 10 years on the run. The federal grand jury of Cleveland had indicted the man in 2003 based on charges of money laundering, wire fraud, securities fraud, conspiracy, and attempted tax evasion.

The arrest warrant for the man was issued in Oct. 2003, and it just now has been enacted in order to bring him home. The man was allegedly arrested as he left his home to exercise, according to the police in Peru. The police in Peru have also acknowledged the request for the man's extradition to the United States. The man has not been convicted of the crimes yet, and the extradition is only being used to bring him to court to face the charges against him.

If you're charged with a crime like this, it's important to do what you can to maintain your innocence. Speaking with an attorney can help to explore every legal avenue and ensure due process is maintained.

Source: Cleveland.com, "Accused Northeast Ohio Ponzi scheme operator Eric Bartoli arrested in Peru" Regina Garcia Cano, Dec. 11, 2013

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