TLP: Somewhere, Billy Mays is Laughing
As investment losses go, eating a couple hundred dollars is nothing unusual. Could happen to anybody. But when 220,000 people lose an average of $250 on the same investment, with the same guy, who's always wearing the same polo shirt, someone's going to notice. And then someone might be in trouble.
After failing to show up for a court appearance, a bench warrant was issued for the marketer of "The Greatest Vitamin in the World." Thursday evening, he was arrested in Tempe.Depending on how things shake out, Lapre could be back to selling "tiny classified ads" from a "one-room apartment." Or someplace like it.
Deputy U.S. Marshals captured Donald Lapre in the area of Warner Rd and Priest Dr.
Lapre was wanted after he failed to appear for his Wednesday arraignment. Lapre was indicted on 41 counts including conspiracy, mail fraud, wire fraud and promotional money laundering.
He's accused of encouraging people to sell worthless vitamins, defrauding approximately 220,000 victims out of $52 million.