Source link : https://las-vegas.news/las-vegas-lawyer-to-plead-responsible-for-working-large-ponzi-scheme/
LAS VEGAS (KLAS) — A lawyer who ran a half-billion-dollar Ponzi scheme to fund his lavish way of life and repay his playing debt is predicted to plead responsible, the 8 Information Now Investigators have discovered.
Matthew Beasley agreed to plead responsible to 5 counts of wire fraud, paperwork stated. A federal grand jury voted to indict him in 2023.
The utmost attainable sentence Beasley faces is 100 years in jail, plus a wonderful of $1.25 million and supervised launch. As a part of the settlement, federal prosecutors will recommend a lesser penalty than statutorily required, paperwork stated.
Prosecutors initially charged Beasley in 2022 after an FBI agent-involved taking pictures on Mar. 3, 2022, at his residence close to the 215 Beltway and Ann Highway.
Beasley was beforehand charged with one rely of assault on a federal officer for pointing a gun at an FBI agent after they got here to his home to speak to him about their investigation, officers stated. Beasley refused to drop a gun, main an agent to shoot him, the division stated after his arrest. That legal case was later dismissed.
Investigators stated that greater than 600 individuals invested with Beasley, involving practically half a billion {dollars}. Beasley used the cash to purchase luxurious gadgets and repay playing money owed, courtroom paperwork stated. Within the plea settlement, prosecutors describe the scheme as “massive.”
“Approximately $331.4 million of the $461 million was returned to…
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Author : LasVegasNews
Publish date : 2025-10-17 20:55:00
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