US White Collar Watch

NRIA $650M Ponzi Scheme: Shadow CEO on FBI Most Wanted

NRIA $650M Ponzi Scheme: Shadow CEO on FBI Most Wanted

FBI added shadow CEO Grabato to its Most Wanted Fraudsters list (only second person) for a $650M Ponzi scheme. Scheme used investor funds to pay reputation firms to hide fraud record. Targeted retirees, featured Fox News celebrity endorsements. High-priority case with novel concealment tactics.

Sources (2)
Updated Aug 16, 2026