Man from Okemos Arrested in Florida Ponzi Scheme Investigation

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A man from Okemos has been charged in a $6 million ponzi scheme investigation. Gary Gauthier was arrested last Thursday in Tampa and arraigned on racketeering, conspiracy, fraud and six other charges. Prosecutors say Gauthier and David Dilson convinced people to invest money in a variety of real estate developments, many of which involved land neither man owned. Investigators say many of the victims lost their life's savings. The money was used for personal expenses and to pay other investors. Stay with News 10 and for more information as the case moves forward.

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