Arrest made over $80m Ponzi scheme

Last updated 11:58 12/12/2013

Relevant offers

Americas

Friends hail hero 86-year-old who died trying to stop an attack in the US Half of US immigrants arrested in raids had no record or traffic convictions Bahamas festival postponed in chaotic scenes 'not a scam', says rapper organiser Worried about North Korea? Spare a thought for Otto Warmbier's family Self-described psychic jailed for scamming clients over 'dark forces' US President Donald Trump tells NRA: 'You have a true friend' in White House Donald Trump names anti-abortion leader to high post at health department US warns failure to act on North Korea could be 'catastrophic' Spending bill approved, almost certainly averting US government shutdown At 100 days, US President Donald Trump governs as he campaigned

Police in Peru say they've arrested a 59-year-old man wanted in Ohio for an alleged Ponzi scheme in which US$65 million (NZ$80m) was raised from at least 800 investors in the United States and Latin America more than a decade ago.

Police Colonel Oscar Llatas said Eric Bartoli was arrested Wednesday leaving his oceanfront Lima home, two years after US authorities requested Bartoli's extradition.

The FBI said Bartoli had been wanted since 2003 for crimes including securities fraud, wire fraud and money laundering. 

An FBI wanted notice posted online said he operated Cyprus Funds Inc out of Doylestown, Ohio from 1995-1999, channelling most of the money invested for his personal use and preying on people including retirees.

The FBI said one of Bartoli's partners died and others served prison terms.

Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content