FORT LAUDERDALE, Fla. (AP) — The FBI says a South Florida lawyer indicted with others in an alleged $19 million investment fraud scheme is missing and should be considered armed and dangerous.
An FBI wanted poster says 67-year-old Michael Ralph Casey failed to show up to an April 29 federal court hearing and hasn't been heard from since. Casey has pleaded not guilty to conspiracy and fraud charges stemming from a September 2012 indictment.
A judge issued a warrant for Casey's arrest.
Authorities say Casey's company Commodities Online LLC promised big returns on commodities contracts but there were no profits, with older investors being paid with money from newer ones.
The Fort Lauderdale company was shut down by the Securities and Exchange Commission. Hundreds of investors around the world were victimized.