Court records say Michael Laurendeau and others scammed more than 100 people out of more than $1.2 million; “the money was then spent on trips, dinners, a car, and other goods.”
PD and the FBI. He was previously from Pearland, but officials say he was living in Houston when he was arrested and scheduled to make an appearance Friday afternoon before a Magistrate Judge.
Court documents say Laurendeau is the owner of E-Business Financial LLC and Blue Star Hosting LLC. Under this company, from January 2015 to August 2019, he and his "co-conspirators" reportedly tricked 134 victims by convincing them they were entitled to unclaimed money from prior investments in websites or webpage domains.
The charges say he also convinced many of these victims to send in additional checks even after they did not get a return on their initial investments. In total, Laurendeau, and others received more than $1.2 million and court documents claim "the money was then spent on trips, dinners, a car, and other goods." Advertisement
Laurendeau was charged with conspiracy to commit mail fraud and 14 counts of mail fraud. If convicted, he will face up to 20 years in federal prison and a possible $250,000 fine maximum on each count.
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