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.