By Kyle James  |  12-08-2017   News
Photo credit: Seattle Times

A dangerous criminal has escaped from a federal minimum-security work camp in California where he was serving a sentence for defrauding investors out of over $100 million dollars.

<img src="https://media.8ch.net/file_store/404de4dbfdbe32836a4d6717c920b6b752ed8ba6094b9b50fcd8909a6c0a8c24.jpg" style="max-height:640px;max-width:360px;">

<span style="margin-top:15px;rgba(42,51,6,0.7);font-size:12px;">Credit: goingconcern.com</span>

Frederick Darren Berg, 55, walked out of U.S. Penitentiary Atwater Satellite Prison Camp on Wednesday where he was serving 18 years for one of the biggest Ponzi schemes in Washington's history. Berg was convicted in a Seattle federal court in 2012 to defrauding over 800 investors of over $100 million through several real estate investment funds.

Berg ran the funds for 10 years before being caught and ordered to pay more than $140 million in restitution. The money he stole from investors was used to fund his rich and famous lifestyle. He even owned several million-dollar properties in Washington and California, jets, and several yachts.

Emily Langlie, a spokeswoman for the U.S. Attorney’s Office in Seattle, said, "More than 800 victims suffered losses from Berg’s schemes – losing dreams of retirement, home ownership or educational opportunities for children and grandchildren. Darren Berg will be captured, held to account and returned to federal custody.

<i>On Twitter:</i>

<a href="https://twitter.com/ErvinProduction">@ErvinProduction</a>

Tips? Info? Send me a message!

Source: https://www.reuters.com/article/us-california-crime/fugitive-convicted-of-100-million-ponzi-scheme-escapes-from-prison-idUSKBN1E21B1

Share this article
Thoughts on the above story? Comment below!
1 Comment/s


Anonymous No. 13593 1512751721

He deserves the gallows.

What do you think about this article?
Name
Comment *
Image
01-31-2018   News 16 Comment/s

Anonymous Anti-Kratom Trolls BTFO