Pyramid Schemer Arrested In Las Vegas

On Wednesday last week, 51 year old Ulrich Felix Anton Engler, a German man, was arrested in Las Vegas. According to Nicole Navas, a spokeswoman for U.S. Immigration and Customs Enforcement, Engler violated U.S. immigration law.

Engler has been accused of running a pyramid scheme on the internet, and bilking investors out of over $100 million dollars. He was on the run for the past five years, up until authorities caught him last Wednesday.

Besides being a wanted man in the United States, Engler is also wanted by German authorities on multiple criminal charges. Those charges are from investors in Germany, Switzerland, and Austria. If Engler is convicted there, he faces up to 20 years in prison.

From June 2003 to June 2004, Engler used a Florida-based marketing company to promote another company. That company falsely claimed that it traded stocks and investors were lured into this. Investors then lost access to their money when they transferred it.

In 2007, an international arrest warrant was issued for Engler, but he was able to keep his whereabouts unknown.

In 2011, authorities noticed that a very similar scheme was happening in Nevada under a new name, and re-examined his old case to determine what he was up to. Engler is now in custody, and will be deported to Germany where law enforcement authorities are waiting.

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