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twitterInvestment adviser arrested
Friday, Jan. 23, 2004 | 9:19 a.m.
HOUSTON -- A Southern California investment adviser was arrested in Houston Thursday on allegations he bilked $814 million from thousands of clients nationwide. Authorities suggested he was on his way to Mexico after crisscrossing the southern United States.
James Paul Lewis Jr. "operated one of the largest Ponzi schemes in history," the FBI alleged Thursday in announcing the early morning arrest after a weeklong manhunt.
Lewis, 57, the owner of El Toro-based Financial Advisory Consultants, was alone in his Houston motel room when he was arrested without incident, the FBI said.
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