Michael Casey, a disgraced Fort Lauderdale lawyer, is accused of defrauding investors of $19 million dollars in a fake international investment scheme.
Here’s what you need to know about Casey:
1. He Is Accused of Committing Federal Mail and Wire Fraud
Casey was indicted on charges of federal mail and wire fraud in August 2012 due to his involvement in an international investment scheme. Casey worked for a company called Commodities Online LLC where he promised investors 33 percent returns on commodities contracts and returned none.
2. Casey Was The CEO of Commodities Online LLC
Casey was appointed CEO of Commodities Online in May 2010. Prior to becoming CEO, Casey had served as outside council for the company. The SEC shut Commodities Online down in April 2011.
3. He Didn’t Act Alone
Casey wasn’t the only person involved in the Commodities Online fraud scheme. James C. Howard III, 55, pleaded guilty to his role in the scandal and is currently serving a jail sentence of 15 years and nine months in Miami. He was also forced to pay $18.9 million in restitution.
4. Casey’s Lawyer Is Worried About Him
Casey’s attorney, John Wylie, told the Sun Sentinel he is concerned for Casey’s safety.
“We were looking forward to defending the case and we will do it if I’m given the opportunity,” Wylie said Tuesday. “Everybody involved, including the FBI, hopes that nothing bad has happened to him. We don’t know what has happened, so we can’t make any assumptions.”
5. His Trial Has Been Delayed Until August
Since Casey didn’t show up for court in April, his trial will not begin until August. A U.S. District Judge has issued a warrant for Casey’s arrest.
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