Clifford Graham - California - 1985 Jul 15, 2013 15:19:27 GMT -5
Post by theczar on Jul 15, 2013 15:19:27 GMT -5
Clifford Graham is wanted for multiple counts of fraud and tax evasion stemming from a scam that netted him multi-millions from several people, including his best friends.
Graham, one of the founders of Fotomat, started a new company, Au Magnetics. He stated to investors that his company owned technology that extract gold, silver, and diamonds from common minerals such as ore and sand. Over 100 people invested in the project, including several wealthy businessmen, Congressmen, and Graham's secretary and husband, who invested their life savings. Even though they were promised a quick return on their investment and could be offered a refund if they wanted, Graham used the money to fund his lavish lifestyle. After several investors found out about the scam, they filed lawsuits and forced his firm into bankruptcy. However, by then, Graham had fled already.
Graham's getting up there in age; he'd be in his mid-80's today. One interesting note is that both the old FBI and AMW archives mention he was suicidal, and always carried a gun on him. However, he was a fitness freak, and I don't think he had any unhealthy vices, so there's a good chance he's probably still alive. Someone mentioned he was interested in working in Canada, so it's possible he could be there. Otherwise, I see him in another country, living off the money he made.
UPDATE from site admin: I have found no new articles online in the past few years. Although as far as I can tell, Graham is still wanted as of this update (7/26/2018), since I have found nothing online suggesting he's been captured or confirmed deceased. Of course, if anyone ever has any updates/proof-of-updates in the future, however, they are always more than welcome to let us know.
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