Naval Academy Graduate Indicted for Defrauding Friends and Former Classmates Over $1 Million

January 22, 2014 Updated: January 22, 2014

NEW YORK—A graduate of United States Naval Academy was indicted for defrauding his friends and former classmates more than $1 million, announced Manhattan District Attorney Cyrus R. Vance Jr. on Jan 21.

According to court documents and statements made on record, Bryan Caisse, 50, told individuals he was raising money to start a new company called Huxley Capital Management. He used the $1 million he received from his victims on personal expenses—such as rental costs, credit cards and restaurants.

Caisse was arrested at an airport in Bogotá, Colombia on Jan. 18 and was returned to the United States.

“At the heart of every Ponzi scheme is greed and a betrayal of trust,” said District Attorney Vance.

Caisse was indicted with several counts of grand larceny and fraud.

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