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A San Fernando Valley man posing as a European aristocrat is guilty of running a Ponzi scheme targeting the Filipino community, including many elderly church parishioners, and receiving nearly $6 million from them in the process. agreed to acknowledge.
Sylvain William Maximilian Dabsburg 17th of West Hills will plead guilty to one count of wire fraud, the U.S. Department of Justice announced in a news release.
Mr. Dabsburg’s name is reminiscent of a European aristocrat, but he has been legally changed to this name, and “he is not a descendant of the Holy Roman Emperor or the Austrian Emperor,” a Justice Department spokesperson told KTLA. I admitted it.
The 48-year-old pseudo-aristocrat also appears to have no royal wealth as he received nearly $6 million from people who thought he was investing in artificial intelligence technology that could predict the future and detect coronavirus infections. is. The Justice Department said it was only a video recording.
Dahabsburg is using two companies, Wild Rabbit Technologies LLC and BAI Intelligence LLC, to acquire approximately $500 million from “retired professional athletes and notable people such as Kobe Bryant, Michael Jordan, and Steve Wozniak. Investors were invited to participate in the investment. ” states the release.
The money received from investors was supposed to be used to acquire patents and hire employees, but prosecutors say instead they bought rare antiques and a Barker 1933 Rolls-Royce Phantom II Continental Sedan Ca de Ville. He claimed that it was used in luxury cars such as
According to Sotheby’s, the car sold for 162,400 pounds, the equivalent of about $206,000.
If Dabsburg enters a guilty plea, he faces up to 20 years in federal prison.
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