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Fortune

Chloe Taylor

Las Vegas lawyer indicted in $460 million ‘slip-and-fall’ Ponzi scheme after standoff with the FBI

(Credit: Bizuayehu Tesfaye—Las Vegas Review-Journal/AP)

A Las Vegas lawyer has been indicted over accusations of setting up a $460 million Ponzi scheme to fund an “opulent lifestyle” that included luxury homes and cars.

Matthew Wade Beasley, an attorney based in Sin City, was criminally indicted by the U.S. District Court of Nevada on Wednesday, and will face allegations of wire fraud and money laundering.

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