'Ponzi' pair caught after 12-year hunt
A US couple who spent a dozen years on the run after fleeing a conviction for running a Ponzi scheme has been captured in a small community west of Phoenix, Arizona.
Nelson Grant Hallahan, 65, and wife Janet Hallahan, 54, were arrested by United States deputy marshals on Saturday afternoon in Tonopah, a desert community west of Phoenix. The couple had lived in several states in southwest US during their flight and had used a number of aliases, the Marshals Service said in a statement.
Matt Hershey, a supervisory deputy US Marshal, said the Hallahans were living apart and were arrested at separate homes.
The agency said it received a tip about their location after they were featured on "America's Most Wanted" the previous night.
The couple pleaded guilty in Illinois federal court to bank and mail fraud conspiracy charges and money laundering. They didn't show up for their sentencing and have been fugitives ever since.
The Hallahans lived in Peoria, Illinois, and targeted family, friends and elderly victims by promising significant returns on investments. They also defrauded investors by selling interests in a tanning salon they later sold. They were actually running a Ponzi scheme, repaying earlier investors with proceeds from new ones. They owed nearly US$1.2 million to investors when they disappeared days before they were to be sentenced in January 2000.
Nelson Grant Hallahan, 65, and wife Janet Hallahan, 54, were arrested by United States deputy marshals on Saturday afternoon in Tonopah, a desert community west of Phoenix. The couple had lived in several states in southwest US during their flight and had used a number of aliases, the Marshals Service said in a statement.
Matt Hershey, a supervisory deputy US Marshal, said the Hallahans were living apart and were arrested at separate homes.
The agency said it received a tip about their location after they were featured on "America's Most Wanted" the previous night.
The couple pleaded guilty in Illinois federal court to bank and mail fraud conspiracy charges and money laundering. They didn't show up for their sentencing and have been fugitives ever since.
The Hallahans lived in Peoria, Illinois, and targeted family, friends and elderly victims by promising significant returns on investments. They also defrauded investors by selling interests in a tanning salon they later sold. They were actually running a Ponzi scheme, repaying earlier investors with proceeds from new ones. They owed nearly US$1.2 million to investors when they disappeared days before they were to be sentenced in January 2000.
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