Dade Duo Arrested In Alleged Investment Scheme
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MIAMI (CBSMiami) -- A Miami-Dade duo has been arrested in connection to an alleged investment scheme in South Florida.
Odalys Cordero-Romero and Richard Steiner are charged with organized fraud and grand theft.
Officials with the Florida Office of Financial Regulation (OFR) said the two allegedly duped $60,000 from at least one Florida investor.
"The fraudsters allegedly falsified information about their involvement in a lucrative gold-mining operation, which caused at least one Floridian to lose his hard-earned savings," said OFR Commissioner Drew J. Breakspear.
The gold mining operation was said to be based in Colorado.
OFR officials said an investigation revealed that in July 2010, the two solicited investments for the operation.
They allegedly convinced the victim to invest, promising a return of $1 million profit by September 2010.
The victim wired his fund to a bank account controlled by Steiner.Investigators said the duo ended up using the fund for personal expenses.
The case is being prosecuted by the Miami-Dade County State Attorney's Office.