Authorities arrest Philly trader, hip-hop promoter
Oct 5 (Reuters) - U.S. authorities on Wednesday arrested Tyrone Gilliams, charging that the commodities trader and hip-hop promoter committed wire fraud.
The Philadelphia-based Gilliams, known for having promised his investors superior returns, has been charged in a $4 million scheme that involved trading in U.S Treasury Strips, according to the government's complaint.
Reuters profiled Gilliams in a Special Report in May that detailed allegations lodged by an Ohio businessman who had invested $4 million with Gilliams.[nN12284177] (Reporting by Matthew Goldstein, editing by Maureen Bavdek)
- Malaysian plane presumed crashed; questions over false IDs |
- CORRECTED-UPDATE 4-Malaysia Airlines plane crashes in South China Sea with 239 people aboard - report
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Libya threatens to bomb North Korean tanker if it ships oil from rebel port