Kevin Sobieski Arrested in Nationwide Financial Fraud Scheme Targeting Elderly Investors
WASHINGTON, D.C. — Federal authorities announced the arrest of 47-year-old Kevin Sobieski on Tuesday, charging him with orchestrating a multimillion-dollar financial fraud scheme that defrauded elderly investors across four states. According to the Department of Justice, Sobieski, a former investment advisor from Cleveland, Ohio, allegedly promised guaranteed high returns on retirement savings. Instead, investigators say, he diverted funds for personal use, including luxury vehicles and real estate purchases. The scheme impacted at least 120 victims, with losses exceeding 8 million dollars. Sobieski faces charges of wire fraud, money laundering, and conspiracy, with a federal court appearance scheduled for Thursday. Authorities urge any additional victims to contact the FBI.