Post by HeadMarshal on Jun 25, 2019 14:27:18 GMT -5
Photo Credits: Federal Bureau of Investigation
Vital Statistics (Formatted Slightly For Easier Reading)
Aliases: Scott Kohn, Scott Alan Kohn
Date(s) of Birth Used: March 28, 1954
Place of Birth: Michigan
Hair: Brown
Eyes: Hazel
Height: 6'2"
Weight: 190 pounds
Sex: Male
Race: White
NCIC: W436303224
Caution:
Scott A. Kohn of Newport, California, and Future Income Payments, LLC (FIP), an entity organized under the laws of Nevada, are charged with conspiracy to engage in mail and wire fraud. According to the indictment, it is alleged that FIP operated a ponzi scheme in which it actively recruited pension holders who were desperate for money, including many veterans of the United States Armed Forces. The pensioners allegedly made monthly payments to FIP in exchange for a lump sum payment or loan. The adjusted annual percentage rate on these transactions often exceeded 100%. FIP then solicited investors to purchase "structured cash flows," which were the pensioners' monthly pension payments. FIP promised the investors a rate of return between 6.5% and 8%. It took active steps to conceal from the investors the usurious nature of its transactions with the pension holders. FIP diverted new investor funds flowing into the business to fund payments to earlier investors in order to keep the scheme operational. When FIP ceased doing business in early 2018, investors were owed approximately $300 million. The scheme alleged in the indictment victimized over 2,600 individuals.
On May 12, 2019, a federal arrest warrant was issued by the United States District Court for the District of South Carolina after Kohn was charged with conspiracy to commit wire fraud and mail fraud.
Based on investigating agencies, it is advised to contact the FBI's Los Angeles Field Office at 310-477-8565 or the US Marshals Service at www.usmarshals.gov/tips/index.html
Moderator Note: If you have any (news-related) updates on this case, please contact us here: amwfans.com/thread/1662/website-contact-form
-----
Thoughts? As of today, June 25, 2019, Scott Kohn is still at large since he was added to the FBI's Featured Fugitives website today. I put South Carolina and California in the thread title since he's wanted by the FBI bureau offices in those two states (Los Angeles and Columbia to be exact).
Even though Scott isn't accused of killing, raping or physically robbing anyone, the financial loss of money for the desperate victims (many of whom were US armed forces veterans) is still really serious. It's victimization in a different way than a lot of other fugitive cases on this site, nonetheless, these are still crime victims who had no right to be taken advantage of.
www.fbi.gov/wanted/wcc/scott-a-kohn
