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Northern California business man who used underwater scooter in lake to evade arrest pleads guilty to investment fraud https://t.co/DGhOE0kmUt
🇺🇸$35M FRAUDSTER FLEES FBI ON UNDERWATER SCOOTER—GETS BUSTED, SOAKED, AND CHARGED Matthew Piercey ran a $35 million scam, cashed in big, and when the Feds came knocking—he bolted. First in a car. Then in a lake. Then underwater. His getaway vehicle? A Yamaha sea https://t.co/kjjYVob90J
California man who tried to evade arrest by jumping into a lake with an underwater scooter pleaded guilty Thursday to fraud, money laundering and witness tampering. https://t.co/Je7noUL598
Matthew Piercey, a Northern California businessman, pleaded guilty to fraud, money laundering, and witness tampering related to a $35 million Ponzi scheme, prosecutors announced on May 15, 2025. Piercey attempted to evade FBI agents by fleeing first in a car and then by jumping into a lake using a Yamaha underwater scooter. Despite his efforts to escape, he was apprehended and has now admitted to the charges.