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    A SUSPECT in a $35 million Ponzi scheme tried to flee from the FBI using a sea scooter in a California lake, only to be arrested 25 minutes later when he floated back up. Matthew Piercey, 44, used a sea scooter to try to evade FBI agents looking to arrest him in Lake Shasta after leading agents on wild goose chase through neighborhoods in Redding, California. 3Piercey (sitting, left) is suspected for running a $35 million ponzi schemeCredit: Family Wealth Legacy 3Piercey used a sea scooter to evade the FBICredit: United States Department of Justice A helicopter caught the moment Piercey ditched his truck at the shore of the frigid lake and jump in with the Yamaha sea scooter device. The sea scooter allows users to reach a depth of up to 100 feet below the water's surface. Apparently Piercey was out of sight underwater, according to court documents. The documents said "law enforcement could only see bubbles." But Piercey didn't last long - he emerged from the frigid lake after 25 minutes and then was taken into custody....
    He’s more “swim risk” than flight risk. A California man wanted in an alleged $35 million Ponzi scheme tried to flee FBI agents — by hopping on an underwater “sea scooter” and taking it into a frigid lake, authorities said. First, 44-year-old Matthew Piercey jumped into a pickup truck when agents went to arrest him on Monday, leading them on a wild chase before eventually abandoning the vehicle on the shores of Lake Shasta, according to federal prosecutors in California. He then grabbed a Yamaha sea scooter — a motorized submersible device that pulls users at about 4 mph — and took it into the cold waters, staying there for about 25 minutes, the Sacramento Bee reported . “Piercey spent some time out of sight underwater where law enforcement could only see bubbles,” prosecutors wrote in court documents, describing him as a flight risk. He was taken away in handcuffs after resurfacing. Piercey was indicted by a grand jury last week for allegedly bilking his investors into giving $35 million to his companies Family Wealth Legacy and Zolla. Some...
    He’s more “swim risk” than flight risk. A California man wanted in an alleged $35 million Ponzi scheme tried to flee FBI agents — by hopping on an underwater “sea scooter” and taking it into a frigid lake, authorities said. First, 44-year-old Matthew Piercey jumped into a pickup truck when agents went to arrest him on Monday, leading them on a wild chase before eventually abandoning the vehicle on the shores of Lake Shasta, according to federal prosecutors in California. He then grabbed a Yamaha sea scooter — a motorized submersible device that pulls users at about 4 mph — and took it into the cold waters, staying there for about 25 minutes, the Sacramento Bee reported. “Piercey spent some time out of sight underwater where law enforcement could only see bubbles,” prosecutors wrote in court documents, describing him as a flight risk. He was taken away in handcuffs after resurfacing. Piercey was indicted by a grand jury last week for allegedly bilking his investors into giving $35 million to his companies Family Wealth Legacy and Zolla. Some of his...
    A California man accused of financial crimes allegedly attempted to flee from the FBI by using a “sea scooter” to hide from agents underwater Monday morning, the BBC reports. Reports indicate that Piercey reportedly fled from agents in a pickup truck before he was allegedly seen jumping into a lake near Redding with the “sea scooter,” according to BBC. Matthew Piercey is accused of leading a $35 million Ponzi scheme at his local California church. Ponzi scheme suspect tries to escape FBI using underwater ‘sea scooter’ https://t.co/ofCou9CAIl — The Independent (@Independent) November 17, 2020 The “sea scooter” is a diver propulsion vehicle that can pull divers wearing scuba gear. The device has been used by militaries around the world and has been used in movies, including the 1965 James Bond film Thunderball. (RELATED: Live Out Aquatic Adventures With This Underwater Scooter) “And we kept investigating, and all of a sudden today, here he is trying to escape into a lake, using a submersible device,” said Josh Kons, an attorney for victims of Piercey’s alleged fraudulent behavior, according to the BBC....
    A suspect in an alleged $35 million Ponzi scheme briefly evaded arrest Monday by using an underwater “sea scooter” to pull himself into California’s largest reservoir for about 25 minutes before he eventually reemerged and was placed under arrest by the FBI. Matthew Piercey, 44, of Palo Cedro, allegedly led FBI agents on a vehicle chase through residential neighborhoods and then onto the highway before abandoning his pickup truck, grabbing an underwater submersible device and swimming into the frigid waters of Lake Shasta, north of Redding, according to the U.S. Attorney's Office for the Eastern District of California.  “Piercey spent some time out of sight underwater where law enforcement could only see bubbles,” according to court documents describing Piercey as a flight risk.  KNIFE-WIELDING TEEN THREATENING SUICIDE POINTS AIRSOFT GUN AT COP MOMENTS BEFORE OFFICER-INVOLVED SHOOTING (U.S. Attorney's Office for the Eastern District of California) Piercey used a Yamaha 350Li Seascooter to remain submerged in the lake for about 25 minutes before law enforcement eventually placed him under arrest. The device can tow divers beneath the surface at speeds up...
    A Shasta County man wanted in connection with a $35-million investment fraud scheme was arrested Monday after using an underwater “sea scooter” to evade federal agents, authorities said. According to federal court documents, Matthew Piercey, 44, of Palo Cedro used a Yamaha 350LI underwater submersible device to hide in the waters of Lake Shasta for nearly 30 minutes Monday morning. The $1,200 motorized device lets users cruise underwater at up to 3.7 mph, according to the company’s website. The aquatic events unfolded after Piercey allegedly led agents on a car chase through residential neighborhoods and onto the 5 Freeway near Redding, as first reported in the Sacramento Bee. The chase ended at the lakeshore, where Piercey “abandoned his truck near the edge of Lake Shasta, pulled something out of it and swam into Lake Shasta,” federal prosecutors said. “Piercey spent some time out of sight underwater where law enforcement could only see bubbles,” they said. After nearly 30 minutes in the Northern California lake’s frigid waters, Piercey emerged and was arrested, authorities said. Medical personnel confirmed his condition was...
    Matthew Piercey, 44, is charged with wire fraud, mail fraud, money laundering, and witness tampering A man wanted by the FBI for allegedly running a $35million Ponzi scheme was arrested in California on Monday after attempting to use an underwater 'sea scooter' to hide from federal agents in a lake. Matthew Piercey, 44, fled in his truck as agents initially tried to arrest him, leading them on a chase through the Redding area before abandoning the vehicle and making for Lake Shasta. According to CBS Sacramento, a helicopter monitoring Piercey watched him swim into the lake with a Yamaha submersible device before disappearing beneath the water of California's largest reservoir. Agents lost sight of him and could only see bubbles on top of the water as the suspect remained submerged for around 25 minutes before being forced to resurface again because of the lake's frigid temperatures. He was checked over by medics who determined he didn't need to be treated for hypothermia despite the icy temperatures, and changed into a new set of clothes provided by his wife before being...
    SACRAMENTO (CBS13) — A suspect in a $35 million Ponzi scheme is in custody after trying to escape arrest by using a sea scooter to hide from FBI agents in Lake Shasta. The U.S. Attorney’s office filed court documents that said 44-year-old Matthew Piercey used a Yamaha submersible device to stay under the surface of Lake Shasta after initially leading agents on a chase through neighborhoods and highways in the Redding area. A helicopter monitoring Piercey watched him swim into the lake with the device after abandoning his truck at the shore. A Yamaha tutorial video describes the “sea scooter” as having underwater propulsion that allows users to cruise at depths of 100 feet below the surface. According to court documents, Piercey was out of sight underwater “where law enforcement could only see bubbles.” He emerged from the frigid waters after 25 minutes and was taken into custody. Piercey has been indicted for running an alleged $35 million Ponzi scheme through his company called Family Wealth Legacy. He allegedly used investor money to buy his homes and pay millions of...
    A man wanted for his role in an alleged $35 million Ponzi scheme was arrested Monday after evading FBI agents by swimming into California's largest reservoir using an underwater "sea scooter," federal prosecutors said. Matthew Piercey spent about 25 minutes in frigid Lake Shasta using the Yamaha 350Li submersible device before he eventually resurfaced and was handcuffed, CBS Sacramento reported. When agents went to arrest Piercey, he hopped in a pickup and led them on a chase that ended at the shoreline of the lake north of Redding. "Then, Piercey abandoned his truck near the edge of Lake Shasta, pulled something out of it, and swam into Lake Shasta," federal prosecutors wrote in court documents calling Piercey a flight risk. "Piercey spent some time out of sight underwater where law enforcement could only see bubbles." Get Breaking News Delivered to Your Inbox Agents later learned Piercey had a sea scooter, a motorized device that pull users underwater at speeds of about 4 miles per hour.  A Yamaha tutorial video describes the "sea scooter" as having underwater propulsion that...
    REDDING, Calif. (AP) — A man wanted for his role in an alleged $35 million Ponzi scheme was arrested Monday after evading FBI agents by swimming into California’s largest reservoir using an underwater “sea scooter,” federal prosecutors said. Matthew Piercey spent nearly 30 minutes in frigid Lake Shasta using the Yamaha 350Li submersible device before he eventually resurfaced and was handcuffed, the Sacramento Bee reported. It wasn't immediately known if the 44-year-old has an attorney. When agents went to arrest Piercey, he hopped in a pickup and led them on a chase that ended at the shoreline of the lake north of Redding. “Then, Piercey abandoned his truck near the edge of Lake Shasta, pulled something out of it, and swam into Lake Shasta,” federal prosecutors wrote in court documents calling Piercey a flight risk. “Piercey spent some time out of sight underwater where law enforcement could only see bubbles." Agents later learned Piercey had a sea scooter, a motorized device that pull users underwater at speeds of about 4 miles per hour (6.4 kilometers per hour), the newspaper said....
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