Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Fugitive Eric Bartoli in Custody in the U.S., Court Date Scheduled

More than 12 years after he was indicted, Eric Bartoli is in custody in the United States and a court date is scheduled for today, October 29, 2015. Bartoli was sued in 1999 by the Securities and Exchange Commission on charges involving his involvement in Cyprus Funds, Inc., a company owned and operated by Bartoli. The company and Bartoli were accused of running a large-scale Ponzi scheme beginning in 1995 until 1999 when Bartoli was charged.

The Ponzi scheme reportedly raised approximately $65 million from nearly 800 investors, some of which were retirees. The victims were from the United States and Latin America. Cyprus was used by Bartoli and his co-conspirators to allegedly sell certificates of deposit and unregistered mutual funds.

In October of 2003, Bartoli was indicted on 10 counts including conspiracy, sale of unregistered securities, mail fraud, securities fraud, wire fraud, attempted income tax evasion, and money laundering. Bartoli was initially arrested after failing to appear at a scheduled hearing for his SEC charges, and became a fugitive shortly thereafter.

In 2013, Bartoli was taken into custody in Lima, Peru. The arrest was made by the Peruvian National Police in a joint effort with the Diplomatic Security Service and the FBI. Now, 12 years after Bartoli went on the run, he will face his charges in court. If he is convicted, Bartoli will face sentencing based on his prior criminal record, his role in the Ponzi scheme, and the severity of the violation. If you have been the victim of investment fraud, it is important to protect your rights through legal action. At Meyer Wilson, our securities fraud attorneys work to see that victims who have been defrauded are aided in their case to recover their losses. If you believe you have a case, call us for your free consultation and learn your options.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram