I-Team: High Roller Facing Federal Court on Fraud Charges

LAS VEGAS -- A Las Vegas high roller who made a fortune on the Internet is facing a day of reckoning in a Utah federal court Friday.

Utah businessman Jeremy Johnson was arrested in 2011 just as he was boarding a plane to leave the United States.

Federal lawmen said he used dozens of shell companies to defraud hundreds of thousands of people, many of whom were senior citizens or others in desperate financial straits. Johnson's numerous companies sold various money-making ideas and took in nearly $400 million.

According to his indictment, Johnson used a bait-and-switch technique, which offered products for a small fee but then rang up bigger charges on the credit cards of the victims.

A massive civil suit has been filed by the Federal Trade Commission.

The criminal case was spearheaded by Internal Revenue Service agents in Las Vegas.

Johnson was a preferred customer at several high-end Las Vegas casinos, losing millions of dollars in the gaming Mecca.


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