Eric V. Bartoli, who was indicted in 2003 and was a fugitive for more than a decade, is finally back in the states.
Bartoli is scheduled to appear before U.S. District Judge John Adams Thursday at 1:30 p.m. in Akron to be arraigned on a 10-count indictment.
He's accused of operating a large-scale ponzi scheme from 1995 through 1999. The Feds say he created and operated a company by the name of Cyprus Funds, Inc., which was based in Doylestown, Ohio and incorporated in Central America. Bartoli and his co-conspirators allegedly operated Cyprus to sell certificates of deposit and unregistered mutual funds. Cyprus raised approximately $65 million from an estimated 800 investors in Latin America and the United States. Some of Cyprus's victims include retirees, according to court records.
Bartoli was sued in 1999 by the Securities and Exchange Commission on charges involving the Cyprus Funds, Inc. He did not appear in court and had been a fugitive up until now.
Bartoli was taken into custody by the Peruvian National Police in Lima, Peru, in 2013 and was transferred to the U.S. this week.
The operation was a joint effort between the FBI, Diplomatic Security Service, and the Peruvian National Police.