Buffalo, NY, police arrested a California investment company executive, who was wanted for conspiracy, fraud and conducting a continuing financial crime.

 

Christopher J. Warren, who was a suspect in a nationwide mortgage fraud scheme, fled the country February 3, and was arrested by Canadian border police with $70,000 stuffed in his boots, about $6,000 worth of platinum, and an essay certificates showing the weight and purity of $1.1 million worth of gold, authorities said.

 

California authorities were investigating Loomis Wealth Solution, an investment company, for defrauding investors and mortgage companies of $100 million since 2006.

It is alleged that the scheme involved about 500 homes and condominiums in California, Florida, Nevada, Illinois, Colorado and Arizona.

 

Authorities said that on February 3, Warren flew to Ireland on a private jet, and then traveled to Lebanon and Canada using several different passports and IDs.

It is believed, that when he flew to Lebanon, he took $5 million in gold with him, and that has not been recovered, yet.

 

The president of the company has not been arrested, but authorities said that the investigation is still far from over.

 

Another suspect in this case Garret Griffith Gilliland III was arrested last October in Spain, but investigators are still looking for Scott Cavell.

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