Federal officials arrest German fugitive in Las Vegas

Federal officials arrest German fugitive in Las Vegas

A German man sought for five years in a day trading scam that defrauded thousands of investors of $100 million dollars, using a pyramid system day trading scam, has been arrested in Las Vegas.

In August 2007 , the now 51 year old,  Ulrich Felix Anton Engler left Germany to avoid arrest.

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Ulrich Felix Anton Engler is also frequently referred to as Ulrich “Richie” Engler.

Engler had been named in a warrant issued in December 2007 by a court in Mannheim and Hamburg, Germany, on multiple criminal fraud charges.  If convicted, he faces up to 20 years in prison.

Federal officials arrested the German fugitive in Las Vegas. He was known to travel and Las Vegas was one of the destinations in which he had been sought.

He reportedly lived for years on the ultra luxurious Fisher Island in Miami while he managed to evade authorities.  There were even reports posted on the Confidential Business’ website (German language) reporting that Ulrich  had undergone an operation changing his facial features and that he has been living for several years with his girl friend (Bianca Borowski) under assumed identities in North America.

The FBI and local police on Friday seized more than 1,000 pieces of artwork from a Foothill Drive storage facility in Boulder City that Engler was renting in Boulder City, located about 25 miles east of Las Vegas.

He is accused of using a marketing company in Cape Coral, Fla., to build an Internet pyramid scheme. From June 2003 to December 2004, it collected almost $101 million from more than 3,500 investors in Germany, Switzerland and Austria.

Once the money reached the United States, the investors lost access to it.

Engler is reportedly in ICE custody pending his transfer in custody to Germany.

ICE says Engler has been sought as an international fugitive by INTERPOL on a warrant issued in December 2007 in Mannheim, Germany. If convicted, he faces up to 20 years in prison.

ICE said Engler was living in Nevada under the name Joseph Miller.

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