Ex-California man charged with $14M boiler room scam

SANTA ANA, Calif. (AP) — A former Southern California man was charged Wednesday with running a “boiler room” scheme that bilked more than 100 investors out of $14 million.

Ronald Shane Flynn, who once lived in Orange County, was indicted by a federal grand jury on 15 counts of wire fraud, the county district attorney's office said in a statement.

Flynn, 57, is believed to have left the United States more than a decade ago, according to the District Attorney's office, which declined to comment on where he might be living.

Leave a comment

Your email address will not be published. Required fields are marked *