Thebeau Deals: St. Louis Woman Charged in $1.5M Ponzi Scheme

A St. Louis woman has been charged with running a $1.5 million Ponzi scheme, according to court documents.

Bridget Thebeau, 36, of St. Louis, was charged in a federal indictment with one count of mail fraud, which carries a penalty of up to 20 years in prison and a fine of up to $250,000.

According to the indictment, Thebeau promised investors a 10% return on their investments, but instead used the money for personal expenses and to pay off earlier victims.

Thebeau’s scheme allegedly began in 2019 and continued until she was arrested in 2022. During that time, she allegedly defrauded at least 10 individuals out of a total of $1.5 million.

Thebeau’s attorneys, N. Scott Rosenblum, Kyle Timothy Bateman, Jeffrey Becker, and Justin Michael Ladendorf, declined to comment on the case.

The case is being prosecuted by the U.S. Attorney’s Office for the Eastern District of Missouri, and a trial date has not been set.