Jeweler Luis Felipe Perez Charged With Running $40 Million Ponzi Scheme by SEC
Luis Felipe Perez is just the latest South Florida man to see his Ponzi Scheme toppled. The SEC has charged Perez with running a $40 million Ponzi scheme that targeted the local Hispanic community since 2006.
"He stole at least $6 million for lavish personal spending on limousines, extravagant dinners, bodyguards, and political contributions that helped bolster his image in the local community," says an SEC release.
"Perez created an aura of success around him to lure old and new acquaintances into investing substantial sums of money," said John C. Mattimore, Associate Regional Director of the SEC's Miami Regional Office in a statement. "Behind the luster of diamonds and jewelry, Perez told outright lies and made promises he couldn't possibly keep."
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