SUBURBAN LAKE WORTH, Fla. - The Florida Office of Financial Regulation and the Florida Department of Law Enforcement Miami Regional Operations Center announced the arrest of Lake Worth resident Philippe Bourciquot on charges of racketeering, securities fraud, grand theft, and money laundering in connection with a Ponzi scheme that targeted Haitian immigrants.
Investigators say investors trusted Bourciquot with their life savings but instead of investing their money as he promised, Bourciquot stole millions from Haitian immigrants.
Thursday morning, FDLE officers busted into Bourciquot's suburban Lake Worth office and collected documents and evidence.
Wearing a t-shirt and shorts, Bourciquot was led away in handcuffs.
"Bunch of cops. Federal agents and all that kind of stuff. It was pretty wild," said witness Shawn Heller.
Heller, who works next dor, said he only saw Bourciquot at his business on Saturdays. "He'd have a bunch of people come in and out."
Heller said the situation makes him sick. "A low life for sure. This is America. This shouldn't being going on in America, you know?"
Investigators say the suspect stole millions, funded a lavish lifestyle, and took advantage of his fellow countrymen who trusted him.
"It comes right back to greed on people. Predators," said FDLE's Maurice Spates. "This guys was a predator and he preyed on these folks."
FDLE is urging anyone who may have dealt with Bourciquot to call (850) 487-9687.
Creole-speaking victims should call the Miami field office at (305) 536-0308.