Matthew Piercey was born in 1976 and from Barrington Hills, Illinois, Usa. He's the President of Clear Spring, LLC, since December 2006, according to its site "We Assist Families with all the Complexities of Wealth."
Lately, Piercey was detained after attempting to utilize a sea scooter in Lake Shasta to escape capture by the FBI, he had been accused of taking part in a multimillion-dollar Ponzi scheme.
On November 16th, 2020 Piercey obtained detained and charged with mail fraud, money laundering, and witness tampering.
On Monday, when the police went to detain he took off in his truck and also directed them into Shasta Lake. According to the police, if the FBI went to detain him he disappeared underwater with a submersible scooter, but when he surfaced, representatives were waiting with dry clothes his wife had provided.
What's more, Piercey was involved in a $35 million Ponzi scheme, he conducted this strategy between 2016 and earlier this year through two companies he helped operate, Family Wealth Legacy and Zolla Financial.
Now, he's facing 31 felony counts, including wire fraud, mail fraud, and witness tampering, and money laundering, if proven true he could face 20 years in prison. Along with Matthew, Kenneth Winton, 67, of Oroville, Calif., was charged separately on Monday using one count of conspiracy to commit wire fraud.
Who is Matthew Piercey?
He worked at the law firm of a relative, Rodney Piercey, in Piercey & Associates, Ltd.. According to his Linkedin page, he is a president of a wealth management service called Clear Spring, LLC, out of Barrington, Illinois.
Additionally, he explains his company"In the past five years, wealthy families realize how that they consider problems has shifted. They realize their wealth is under attack in brand new ways. By reflecting on the personality that helped these families reach where they're, families often conclude their values are under assault, and conclude that their families are under attack. Stability as they know it is under attack, and while some have learned how to thrive in volatile and challenging circumstances, many have discovered it's worthwhile to protect against a governmental taxation capital punishment by confiscation.
Complex wealth holders rely upon our distinctive procedure, wealth observation, and legacy design to discover what they want. Clear Spring, LLC is the only consulting organization to affluent households that delivers reassurance through holistic family wealth counseling to constantly and reliably provide intergenerational protection against uncertainty, predatory taxation, and deconstructionist societal changes.
At Clear Spring, LLC, we realize that complicated problems face private clients, legal advisors, wealth managers, and charitable organizations. Oftentimes little or no cooperation is cultivated between those problem facers to believe otherwise about solutions that are practical, and that's the reason why a values-based outcome approach defines everything we do for a client."
Other than this, he even listed his areas of expertise also.
Market Research.
Business Transformation.
According to the FBI report, Matthew Piercey accounts for creating three companies as part of a Ponzi scheme, Family Wealth Legacy LLC, Zolla Financial LLC, and Company 3.
The announcement provided by the FBI reveals that"Matthew Piercey... raised at approximately $35 million from investors throughout Family Wealth Legacy, Zolla, and also funds routed through Company 3, also paid roughly $8.8 million to investors. Of the remaining net expense of approximately $26 million, few if some liquid assets remain to repay investors."
How outdated is Matthew Piercey? He had been born in 1976 and from Barrington Hills, Illinois, United States, he is 44 years old at 2020.
(Image Source: DailyMail, Law & Crime, The Sun)