Arrest made over $80m Ponzi scheme

Last updated 11:58 12/12/2013

Relevant offers


Hairless hamster gets new sweater as winter approaches Miley Cyrus and Katy Perry among the parade of pop stars aiding Clinton in the closing weeks 'They said they panicked': Sisters confess to burying their 94-year-old father, police say Hillary Clinton HQ evacuated over white substance Woman mistakes town meeting for Trump rally, smears 30 cars with peanut butter in protest Salma Hayek says Trump planted a story about her after she refused to date him US man found sexting as 'son dying in hot car' Why the US media turned on Donald Trump, according to CNN anchor Hala Gorani US policemen mistake doughnut glaze for meth Emu found wandering along US highway

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