FTC Says Scammer In Belize Fraud Can't Tap Relief Fund

Law360 (September 12, 2019, 8:53 PM EDT) -- An alleged mastermind of a Belize real estate scam can't fund his defense or travel expenses from money set aside for victims, the Federal Trade Commission told a Maryland federal court, saying he gets $3,000 a month from a frozen account and isn't looking for a job.

Peter Baker, a defendant in what the FTC calls the largest overseas real estate investment scam it has ever targeted, is set to receive $36,000 untaxed for a year from a frozen depository bank account, according to the agency. However, Baker has repeatedly asked the court for additional funds to support his living expenses...

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