On Tuesday, 44-year-old Matthew Piercy of Palo Cedro was arraigned in Sacramento.
Piercy is currently being held in a Sacramento jail.
Learning?
Now to that fraud arrest out of shasta county ..
Investigators say the suspect tried to escape using a submersible device in lake shasta... action news now reporter ana torrea joins us live, ana what are you learning?
Right now, 44- year-old matthew piercy of palo cedro is sitting in sacramento jail, he was arraigned in court today.
People i spoke with say the way investigators say he tried to get away, was crazy.
Right now, 44-year-old matthew piercy of palo cedro is sitting in sacramento jail, he was arraigned in court today.
People i spoke with say the way investigators say he tried to get away, was crazy.
Authorities arresting 44- year-old matthew piercy of palo cedro on monday, after they say he led law enforcement on a chase ending in lake shasta.
Yari dewalt the story was kind of crazy, where he's trying to get away on a scooter type thing according to court documents, piercy attempted to get away using a "yamaha 350 l-i".
Which is an underwater sea scooter.
People tell action news now that escape attempt is a crazy one.
Yari dewalt lives in shingletown and then he's just underneath the water.
I thought it was kind of stupid but kind of funny when you hear about it.
I mean, they're just going to wait above the water.
Piercy and 67- year old kenneth winton of oroville are charged in a 35- million dollar ponzi scheme, says the department of justice.
Ana torrea and these are the court documents that lists out the fraud schemes that both piercy and winton were involved in.
I listened in on piercy's arraignment today.
The palo cedro is man is charged with witness tampering... money laundering... wire fraud... and mail fraud.
Yari dewalt lives in shingletown it's a big thing to undertake and obviously when you try to get away like that, i don't think he was matching his expectation of what he was going to pull off people tell action news now, because of this scheme, it's more important now to pay attention to where your money goes.
Michael cogan these are not uncommon and certain people prey upon people's trust and if it's something's too good, it usually not true.
Action news now also reached out to bethel church.
The church confirmed that piercy and his family did attend the church for the past few years, but is not an officia* member.
Action news now
A suspect in a $35 million Ponzi scheme is in custody after trying to escape arrest by using a sea scooter to hide from FBI agents..