CAPTURED: FBI Nabs Perry And Rachelle Griggs In Arizona; Fugitive Ponzi Couple Will Be Transported To Hawaii To Face Charges They Bilked Investors While Perry Griggs Was In Prison

CAPTURED: Perry and Rachelle Griggs

The FBI has captured Perry and Rachelle Griggs, the fugitive Ponzi couple accused of running a scam while Perry Griggs was a federal prisoner in Nevada. The arrest was made in Kingman, Ariz., yesterday.

Perry and Rachelle Griggs were indicted in October for wire fraud and mail fraud. They had been missing since January 2010. Perry Griggs had been released from prison in 2008. An investigation later revealed that the scam had begun while he was in custody and was directed largely at Hawaii residents.

They operated a company known as Aloha Trading.  The couple also has been charged by the CFTC. Rachelle Griggs was accused of soliciting money from families of her husband’s fellow prisoners.

The FBI said the manhunt for the fugitive couple was “intense,” and used websites, national news coverage and “electronic highway billboards” to dial up the heat on the alleged Ponzi schemers.

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3 Responses to “CAPTURED: FBI Nabs Perry And Rachelle Griggs In Arizona; Fugitive Ponzi Couple Will Be Transported To Hawaii To Face Charges They Bilked Investors While Perry Griggs Was In Prison”

  1. Do victims ever receive any compensation back from what was recovered or does Federal government end up with everything?

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  2. Keolani Keawe: Do victims ever receive any compensation back from what was recovered or does Federal government end up with everything?

    It depends, Keolani.

    It sometimes is the case that fraudsters dissipate all of the assets of a scheme, meaning there literally is nothing to recover.

    If assets are recoverable, a receiver/trustee may be appointed by a court to recover them or the Justice Department may seek to recover them through civil or criminal forfeiture and a process known as remissions.

    Recoveries for victims may range from pennies on the dollar to dimes. It depends on the individual schemes.

    Patrick

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  3. admin: It depends, Keolani.

    It sometimes is the case that fraudsters dissipate all of the assets of a scheme, meaning there literally is nothing to recover.

    If assets are recoverable, a receiver/trustee may be appointed by a court to recover them or the Justice Department may seek to recover them through civil or criminal forfeiture and a process known as remissions.

    Recoveries for victims may range from pennies on the dollar to dimes. It depends on the individual schemes.

    Patrick

    According to another source, the Grigg’s spent all of the stolen money for lavish vacations, parties, etc.. And due to this, nobody got anything back. Several families in Hawaii were devastated, including a family that almost lost their over 150 year old home, and a mislead Hawaiian resident ended up contributing to the scheme by having her friends and family pitch in, which, in turn, gave the Brigg’s more fuel for the scheme.

    I do have to admit that the Brigg’s are very smart. Like, pulling a massive scheme while behind bars requires an intense amount of teamwork. However, I do feel that Rachelle was roped into madness by Perry, as Rachelle seemed to be normal before everything went wrong. But when she got roped in, she was basically used to make it seem more legit. That’s it.

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