A Miami Police Officer has been arrested by the FBI on Tuesday for allegedly participating in a ponzi scheme.

The U.S. Attorney’s Office says that the officer, 41-year-old Dermis Hernandez, was arrested while he was boarding a flight to Costa Rica. He allegedly falsely represented to victims that he was able to offer a low risk investment with guaranteed returns through high-interest loans his company made to Costa Rican property owners.

Hernandez and his partners then used the funds to their own benefit.

Source: Miami Police Arrest One Of Their Own Officers « CBS Miami

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