DELRAY BEACH, Fla. - An alleged Ponzi scheme netted a Delray Beach man over one million dollars and a trip to the Palm Beach County Jail.
Leonard Ansill was arrested by the Delray Beach police following an investigation by the Florida Office of Financial Regulation.
Ansill, according to his arrest report, offered investments that were funded with mortgages plus interest from six properties located from Jupiter to Miami.
None of the owners said that they knew Ansill and indicated that he never held mortgages on the properties, according to the arrest report.
Ansill, according to investigators, was paying investors with other investors' money because he had no actual investments.
Ansill's arrest report says that he received $1,120,000 from six investors. He has been arrested and charged with grand theft and organized scheme to defraud.
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