Colorado Ponzi Scheme Suspect Arrested In Florida After Flaunting His Wealth On Social Media Using Different Name Following His Prison Escape In 2018

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A Colorado Ponzi scheme suspect was arrested in Florida after flaunting his wealth on social media using a different name following his prison escape in 2018.

Allen Todd May
A Colorado Ponzi scheme suspect was arrested in Florida after flaunting his wealth on social media using a different name following his prison escape in 2018. (Photo: Where Is The Buzz)

Colorado Ponzi Scheme Suspect Arrested in Florida After Flaunting His Wealth on Social Media Using Fake Name Following His Escape

A 58-year-old Ponzi scheme suspect named Allen Todd May was arrested in Florida after flaunting his wealth on social media using a fake name following his escape from Colorado prison in 2018, wherein the Ponzi scheme suspect was convicted of stealing $6.8 million.

According to a report published in New York Post, authorities received an anonymous tip that the Ponzi scheme suspect had taken over a fake identity as Jacob Turner, wherein the Ponzi scheme suspect had been flaunting his wealth, including his mansion and cars, in his Instagram account with his boyfriend.

Despite being wanted, the Ponzi scheme suspect had been enjoying his freedom and even attended events, not thinking that authorities would catch him; however, with the anonymous tip of the whereabouts of the Ponzi scheme suspect, authorities immediately rearrested him.

READ ALSO: Tax Preparer Leon Haynes Arrested For Allegedly Masterminding $124 Million Tax Fraud Scheme

Ponzi Scheme Suspect Faces Multiple Charges After Escaping Prison and Living Freely Using Different Name

Following his arrest, the Ponzi scheme suspect will face multiple charges after using a different name when he escaped from prison using a stolen truck and fled while authorities are still investigating if he scammed other people after his escape, Daily Mail reported.

The Ponzi scheme suspect is expected to be transferred to Colorado to face the charges filed against him, in addition to the previous charges he faced before deciding to escape from prison and fake his identity.

READ ALSO: Ghana Man Arrested After Stealing Almost $2.4 Million In A Wire Fraud Scheme

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