April 09, 2021 SANTA ANA, California A former Southern California man was charged Wednesday with running a “boiler room scheme that bilked more than 100 investors out of $14 million.
Ronald Shane Flynn, who once lived in Orange County, was indicted by a federal grand jury on 15 counts of wire fraud, the county district attorney s office said in a statement.
Flynn, 57, is believed to have left the United States more than a decade ago, according to the District Attorney s office, which declined to comment on where he might be living.
Flynn ran Vuuzle Media Corp., which claimed to be a streaming media and entertainment business with offices in New York, Las Vegas and worldwide.
Vuuzle media Corp Attorney Jacob S Frenkel, Esq for Dickinson Wright PLLC makes statement on Behalf of the company issues Response to Indictment of Company s Founder
sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
Federal Grand Jury Charges Founder of Online Live Streaming Outfit with Wire Fraud Details Written by IVN
Santa Ana, California - A former Southern California resident was charged today with defrauding more than 100 investors out of $14 million by using boiler room tactics to fraudulently offer a “pre-IPO” investing opportunity in his online streaming and entertainment company, then using much of the funds to support his lavish lifestyle.
Ronald Shane Flynn, a.k.a. “Ronnie Shane,” 57, who formerly resided in Santa Monica and Orange County and is believed to be residing abroad, was charged in a federal grand jury indictment with 15 counts of wire fraud.
Man charged in boiler room scheme scammed more than 100 investors out of $14 MILLION while spending $5 million on resorts, jewelry and nightclubs
Ronald Shane Flynn, 57, is charged with wire fraud after allegedly defrauding more than 100 investors out of $14 million
The former South California resident offered a pre-IPO investment opportunity in his online streaming and entertainment company
Flynn reportedly never intended to take the company public, and instead used funds from investors to pay for resort stays, nightclub visits, and jewelry
Flynn used a boiler room scheme by hiring salespeople, mainly in the Philippines, to use high-pressure tactics to convince investors
SANTA ANA, Calif.
A former Southern California man was charged Wednesday with running a “boiler room” scheme that bilked more than 100 investors out of $14 million.
Ronald Shane Flynn, who once lived in Orange County, was indicted by a federal grand jury on 15 counts of wire fraud, the county district attorney’s office said in a statement.
Flynn, 57, is believed to have left the United States more than a decade ago, according to the District Attorney’s office, which declined to comment on where he might be living.
Flynn ran Vuuzle Media Corp., which claimed to be a streaming media and entertainment business with offices in New York, Las Vegas and worldwide.
vimarsana © 2020. All Rights Reserved.