Fugitive Suspected In Large-Scale Ponzi Scheme Due In Court

LOS ANGELES (CBS) — A man who had been a fugitive for more than five years after being indicted for allegedly running a “large-scale Ponzi scheme” is scheduled to be arraigned Tuesday morning.

John Lee, 40, was arrested at L-A-X Sunday night after he was extradited from Thailand. He was accused of defrauding 29 victims in Los Angeles and Ventura counties out of $1.869 million.

A 31-count felony complaint, which included two criminal counts for California Corporations Code violations, was filed against Lee in 2006, who responded by fleeing to Taiwan, according to authorities.

Lee is being held at the Men’s Central Jail in lieu of $1.869 million bail.

Comments

One Comment

  1. --- says:

    Lee is being held at the Men’s Central Jail in lieu of $1.869 million bail.

    That Judge had a sense of humor …. I like it !

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