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Man Charged in Ponzi Scheme is Found Dead in Palm Harbor

William Jeffery Chandler, 55, of Pasco County, was found dead inside a car parked outside Muvico Theaters off U.S. 19 earlier this week, the Tampa Bay Times reports.

A man facing accusations of running a Ponzi scheme was found dead in a parked car outside Muvico Theaters in Palm Harbor earlier this week, the Tampa Bay Times reports.

The body of William Jeffery Chandler, 55, of Pasco County, was found inside a four-door Mercedes parked on Cypress Pond Road off U.S. 19 around 4 a.m. Monday, the newspaper reports, citing the Pinellas County Sheriff's Office.

Chandler had suffered what appeared to be "self-inflicted wounds," a sheriff's office spokersperson told the Times.

A civil suit filed by the U.S. Commodity Futures Trading Commission alleges Chandler solicited at least six people to contribute about $773,100 to a pooled account in Switzerland, according to the Times' story.

"That money then would be used to buy or sell a certain amount of a foreign currency at a fixed price in U.S. dollars," the Times reports, and investors were promised a 12.5 percent return on investment every month — but investors never saw the money. Instead, the suit alleges, Chandler spent it.

Read more about the charges against Chandler and his death in the Times' story.

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Lorrie Williams October 18, 2012 at 10:37 PM
Sad...Florida's getting like NY..Not safe anywhere.. Back in the 70's we never locked our doors and left the windows open.... Now you even have to litterally hand over you children to the school entrance by yourself...We want to keep our Guns.

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