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Gerald Berke

Since this story's original publish date, Berke has been apprehended by the FBI.

Crime: Mail fraud

Gerald Berke is wanted for his alleged involvement in a Ponzi scheme that defrauded approximately 500 investors out of more than $81 million, according to the FBI. From about 2003 until 2009, Berke allegedly used a shell company, GJB Enterprises, to solicit investors under the pretense that he was loaning businesses money to manage cash flows. Investors were allegedly told that the business would generate an 18 percent return on investment.

Berke allegedly used the investors’ money to make payments to earlier investors (which eventually stopped), and as well as for personal expenses. Berke is believed to have fled from the U.S. to Canada, and the FBI believes he has been residing in the Vancouver area.

Info and Photo Courtesy: FBI