Colorado man extradited to face Ponzi scheme charges

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Colorado Attorney General John Suthers and the FBI worked to secure the extradition of William L. Walters after Walters fled the country during a Grand Jury session that led to his indictment.

“In this case, justice delayed will not result in justice being denied,” Suthers said.

Walters is accused of running an elaborate Ponzi scheme and collecting more than $23 million from victims in Colorado, California, Florida, Hawaii, Illinois, Massachusetts, Pennsylvania, Texas and Wyoming. He is suspected of soliciting day-trading investments and promising high rates of return, between 10 percent and 40 percent.
He used victims’ investments to pay for personal expenses and to make interest payments to other investments.
The case will be prosecuted in Douglas County District Court.