September 3, 2014
LAS VEGAS (AP) - A federal grand jury in Las Vegas is accusing a millionaire businessman with dual U.S. and Lebanese citizenship of wire fraud in a case alleging that he headed an elaborate international Ponzi scheme.
A four-count indictment filed Tuesday against Ramon DeSage (deh-SAHDJ') also seeks to allow the government to seize $191 million in cash and property that prosecutors allege was fraudulent amassed.
The 63-year-old DeSage is due in court Feb. 8.
His lawyer, Richard Wright, previously denied DeSage was involved in a Ponzi scheme.
Wright didn't immediately respond to messages Wednesday.
A federal criminal complaint filed last June describes DeSage as a "prodigious gambler," and alleges he used companies including Cadeau Express, Beryt and Merits Incentives to defraud investors.
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