VODKA VODKA returns in February. Limited early bird tickets are on sale right now!

Wednesday, September 17, 2014

Oscar Villarreal, Young Mexican Swindler, Indicted on 19 Counts of Fraud and Money Laundering

Posted By on Wed, Sep 17, 2014 at 9:54 AM

click to enlarge oscarvillarreal.jpg
Oscar Villarreal, the young Mexican businessman seen as a rising star in the Northeast Ohio business community, has been indicted by a grand jury on 19 counts of fraud and money laundering.

Villarreal, now 29, swindled millions of dollars from 51 of Cleveland's most prominent figures on the business-civic-leader matrix, promising massive returns on investment for funds related to petroleum and steel in his native Mexico.

The charismatic Villarreal endeared himself to Cleveland higher-ups by moving to Gates Mills and joining cultural boards, and then paying an initial group of investors a 30 percent return. He used later investments to play the stock market and furnish a lavish lifestyle for himself, complete with European sports car and Steinway grand. 

Villarreal is currently a fugitive in Mexico, but  the FBI's on the case. They're seeking tips about his current location. 





Tags: , , , ,

Comments (3)

Showing 1-3 of 3

Add a comment

 
Subscribe to this thread:
Showing 1-3 of 3

Add a comment

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Calendar

© 2019 Cleveland Scene: 737 Bolivar Rd., Suite 4100, Cleveland, OH 44115, (216) 241-7550
Logos and trademarks on this site are property of their respective owners.


Website powered by Foundation