Ponzi Schemer Resurfaces

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Uncategorized, Video Updates.

According to the New York Post, a Colorado conman who escaped from a federal prison in Colorado in 2018 was rearrested in Florida, living in a luxurious $1.5 million mansion.

Questions:

  1. How was he found?
  2. How much had he stolen from his original Ponzi scheme?
  3. How did this man commit fraud even behind bars?

Source:

Reyes, R. (2023) Colorado conman who escaped fed prison caught living lavishly in $1.5M Florida mansion. The New York Post, Aug. 3 (Retrievable online https://www.msn.com/en-us/news/crime/colorado-conman-who-escaped-fed-prison-caught-living-lavishly-in-1-5m-florida-mansion).