Santa Barbara Man Who Allegedly Ran $12 Million Ponzi Scheme Indicted on Federal Fraud and Money Laundering Charges imperialvalleynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from imperialvalleynews.com Daily Mail and Mail on Sunday newspapers.
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He allegedly arranged for the victims to receive statements showing the purported values of the annuities, which the false documents indicated were increasing over time, the indictment states.
Most of the victims were older than 60.
They gave Aviss more than $12 million, with most of that money coming from just one victim, according to court documents.
Some money was paid back to victims to keep the scheme running.
Rather than purchase annuities, Aviss allegedly used the victims’ money to support his lavish lifestyle, including mortgage payments, luxury car leases, expensive watches, trips to Monaco, more than $100,000 in purchases at a Santa Barbara nightclub, and 20 tickets to a U2 concert and after-party.
Updated: 7:25 PM EDT June 29, 2021
HARTFORD, Conn. A South Windsor man has been charged with allegedly stealing more than $650,000 from his grandparents.
According to federal investigators, 32-year-old Douglas Senerth allegedly stole from his grandparents by telling them he was a college student and convinced them to send about $419,000 to pay for college tuition and other expenses.
Federal investigators added that Senerth allegedly also convinced his grandparents to give him $260,000 claiming he would invest their money into an investment fund run by one of his professors that did not exist.
In total, Senerth is accused of stealing about $679,000 from his grandmother and late grandfather.
Submitted by paula on Tue, 06/29/2021 - 7:04pm
The Federal Bureau of Investigation (FBI) Sacramento Field Office is warning the public to be on alert for a phone scam involving unsolicited calls received from someone claiming to represent the FBI.
In June 2021, the Placer County Sheriff’s Office received a report from a Lincoln resident who suffered a financial loss of $45,500. The victim received an unsolicited call from someone claiming to be with the FBI, who advised that the victim’s identity was allegedly used in a money laundering and drug smuggling operation. According to the caller, the only way to avoid prosecution was to purchase gift cards from various stores and provide the card numbers.
Santa Barbara man accused of using money from fake annuity sales to support lavish lifestyle
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and last updated 2021-06-29 19:54:30-04
A Santa Barbara man accused of stealing approximately $12 million from victims who thought their money was being used to buy annuities from Swiss insurance companies is facing 11 counts of wire fraud and money laundering.
Darrell Arnold Aviss, 63, was arrested on June 18, according to the U.S. Department of Justice (DOJ).
In an indictment filed against him on Tuesday, Aviss is accused of soliciting money from people who wanted to purchase annuities from insurance companies based in Switzerland, claiming the annuities were safe and secure and could pay interest rates ranging from 5 to 7 percent.