Thu. Apr 2nd, 2026

Vegas Lawyer’s Sin City Hustle! Feds Bust Lawyer in Alleged $500 Million PONZI Scheme [VIDEO]

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A federal grand jury has recently indicted a Las Vegas lawyer for allegedly orchestrating a massive Ponzi scheme worth over half a billion dollars to support his extravagant lifestyle. Documents obtained by the 8 News Now Investigators shed light on this shocking case.

The lawyer now faces new federal charges, including wire fraud and money laundering, as revealed in official records. The indictment was issued by a grand jury on Wednesday. Notably, Beasley was previously charged last year in connection with an FBI agent-involved shooting incident on March 3, 2022.

Court documents from last year disclosed the involvement of more than 600 investors in this Las Vegas-based Ponzi scheme, which utilized nearly half a billion dollars for purchasing luxury items and settling gambling debts. The extent of this scheme’s impact is truly staggering. [FULLSTORY]


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