A New York man implicated by the FBI and the IRS in a Ponzi scheme has killed himself, the Democrat and Chronicle of Rochester is reporting.
It is at least the second Ponzi-related suicide in the United States in recent weeks. Florida Ponzi suspect Wayne McLeod, suspected of bilking federal employees, killed himself in Florida in June.
In the New York case, Ashvin Zaveri, 71, of Honeoye Falls, N.Y., was indicted in December 2009 for mail fraud, wire fraud and money-laundering.
Prosecutors said Zaveri defrauded investors in an oil-and-gas scam that gathered $35 million.
Read the story in the Democrat and Chronicle.