David Lewalski, formerly of Gainesville, pleaded guilty in a federal court
to mail fraud connected to an alleged
Florida Ponzi scheme on 07/29/2011. According to the US Attorney's office,
Lewalski used his Botfly LLC company to bilk investors in Florida and
nationwide out of $30 million.
Allegedly, Lewalski and others brought investors in with potential earnings
of 10% monthly by trading on the foreign currency market. Only a small
portion of the money was actually invested, however, and did not bring
in much in the way of profits. Lewalski apparently used the money from
new investors to pay prior investors, which accounted for about $15 million.
Additionally, Lewalski is said to have used the cash for his own lavish
lifestyle, including real estate, private jets, expensive cars, clothing,
At maximum, Lewalski faces a 20-year prison term for his involvement in
this Florida investment scam.
If you have been the victim of a Florida
Ponzi scheme, call theexperienced investment fraud lawyers with David. P. Meyer & Associates today. We have recovered millions
of dollars in losses for our clients through
stockbroker mediation, arbitration, and litigation.