Tyrone Gilliams was arrested in Philadelphia Wednesday by the FBI and charged with operating a $4-million investment wire fraud scam. Manhattan U.S. Attorney Preet Bhara said Tyrone L. Gilliams, Jr., 44, ran a phony Treasury investment program. Treasury Strips are securities derived from U.S. Treasury Bonds. The criminal complaint, which was filed on Sept. 28 alleged Gilliams solicited $4 million from an unidentified investor but then misappropriated more than $2 million of the funds shortly after receiving the funds in the summer of 2010. Source
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