Seattle – A $11 million Ponzi scheme that defrauded thousands of victims has led to the arrest of Volodimyr Pigida, a Miami area resident who previously resided in Bellevue, Washington.
Pigida, a naturalized U.S. Citizen who was born in Ukraine, was found guilty by a jury in the Western District of Washington of 26 felony counts, including conspiracy, wire fraud, mail fraud, and bankruptcy fraud, among other crimes.
In his Ponzi scheme, Pigida and his wife operated a ‘work-at-home’ email scheme named Trend Sound Promoter that ultimately crashed – but not before the two raided the company’s accounts to purchase homes, expensive cars, and a yacht.
On August 4, 2023, Pigida failed to appear at his sentencing hearing before the district court in Seattle. A warrant was issued for his arrest.
Pigida will appear in U.S. District Court in Fort Lauderdale tomorrow. Prosecutors will ask that he be detained and transferred to the Western District of Washington by the U.S. Marshals Service.
The case is being prosecuted by Assistant United States Attorney Philip Kopczynski.
The FBI wanted poster for Volodimyr Pigida is available on the FBI website.
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Key Facts
- State: Washington
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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