Ohio man who fled to Peru to avoid charges pleads guilty

[Judi Lynn]

Source: Associated Press

Ohio man who fled to Peru to avoid charges pleads guilty

Updated 11:34 pm, Wednesday, July 13, 2016

AKRON, Ohio (AP) — An Ohio man who fled to Peru more than a decade ago to avoid prosecution for what authorities say was a $65 million Ponzi scheme has pleaded guilty to federal charges.

Sixty-one-year-old Eric Bartoli is scheduled to be sentenced Nov. 9 after pleading guilty to eight counts including conspiracy, securities fraud and attempted income tax evasion.

Federal prosecutors say Bartoli defrauded hundreds of investors during the 1990s. He was indicted in 2003.

Authorities say Bartoli and his partners created a Doylestown-based company that returned just half of the money collected from investors.

Read more: http://www.chron.com/news/crime/article/Ohio-man-who-fled-to-Peru-to-avoid-charges-pleads-8377226.php

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[cstanleytech]

1. He should have just become the CEO of a major company and looted the employees pension fund

and he would have been able to walk away.

[marble falls]

2. The Bartoli family is legend for the frauds they've committed.