Sri Lankan authorities have deported a US couple wanted for multiple fraud charges in the US. The two Americans were deported last night, an official at the Criminal Investigations Department told Daily Mirror online this evening.
John and Marian Morgan faced charges by the Securities and Exchange Commission (SEC) in June and then in August by the U.S. attorney. They however fled to Sri Lanka to escape court proceedings back home. However the Morgans were arrested in Sri Lanka on separate banking fraud charges.
In the US they were at the apex of an illegal get-rich-quick scheme that promised investors from 14 percent to as much as 70 percent per month, but was in fact a Ponzi scheme in which early investors were paid out of the proceeds flowing in from later investors.
The couple took in at least $10 million from at least 100 investors starting in April 2006, the SEC had alleged. On Aug. 14, the Marshals Service and the SEC confirmed that the Morgans had been arrested on separate banking fraud charges in Sri Lanka. Sri Lankan authorities became aware of the Marshals Service arrest warrant through Interpol, and had reached out to U.S. authorities to discuss what happens next, US media reported last month.
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