High Roller Indicted in Ponzi Scheme Case

By: AP Email
By: AP Email

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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