Tag: florida_office_of_financial_regulation

Colombian National Pleads Guilty to $66M Ponzi Scheme

2 Jun 2025 5:28 p.m. · Source: Denver FBI

Efrain Betancourt Jr. pleaded guilty to running a $66 million Ponzi scheme through Sky Group USA, misusing funds for personal luxuries. He faces up to 20 years in prison, with sentencing set for August 14.

Politics and Government Business Legal Colombia Federal Government Financial Markets Law Enforcement Efrain Betancourt Jr.Sky Group USA LLC Ponzi scheme Southern District of Florida Financial Fraud FBI Miami Florida Office of Financial Regulation FBI