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Man arrested in Peru from 1990s Ohio-based Ponzi scheme
Reported by: Associated Press
Reported: Wednesday, December 11, 2013 3:45 PM EST
Police in Peru say they've arrested a 59-year-old man wanted in Ohio for an alleged Ponzi scheme in which $65 million was raised from at least 800 investors in the United States and Latin America more than a decade ago.
The FBI says Bartoli has been wanted since 2003 for crimes including securities fraud, wire fraud and money laundering.
An FBI wanted notice posted online says he operated Cyprus Funds, Inc., out of Doylestown, Ohio from 1995-1999, channeling most of the money invested for his personal use and preying on people including retirees.
The FBI said one of Bartoli's partners died and others served prison terms.