Southern California -- this just in

« Previous Post | L.A. NOW Home | Next Post »

Man arrested in $1.8-million Ponzi scheme case

A man suspected of stealing $1.8 million from 29 victims across California was arrested in Thailand after fleeing nearly five years ago, authorities said Monday night.

John Chiyuan Lee has been extradited to Los Angeles County to face 31 felony charges stemming from what authorities allege was a large-scale Ponzi scheme, the Sheriff's Department said.

The victims gave money to Lee to invest in the stock market, the department said in a statement. They lived in cities including Morgan Hill, Lakewood, West Hollywood, Sherman Oaks, Huntington Beach and Thousand Oaks.

Lee fled to Taiwan in November 2006 and was arrested last week in Thailand by U.S. and Thai authorities after he was tracked down by a Sheriff's Department detective, according to the department.


Seal Beach police release 911 calls from salon shooting

L.A. county inmate says she had sexual contact with deputy

Kayaker has close encounter with blue whale near Redondo Beach

— Robert J. Lopez


Comments () | Archives (0)


Recommended on Facebook


In Case You Missed It...


About L.A. Now
L.A. Now is the Los Angeles Times’ breaking news section for Southern California. It is produced by more than 80 reporters and editors in The Times’ Metro section, reporting from the paper’s downtown Los Angeles headquarters as well as bureaus in Costa Mesa, Long Beach, San Diego, San Francisco, Sacramento, Riverside, Ventura and West Los Angeles.
Have a story tip for L.A. Now?
Please send to newstips@latimes.com
Can I call someone with news?
Yes. The city desk number is (213) 237-7847.


Get Alerts on Your Mobile Phone

Sign me up for the following lists: