Feds: NY lawyer told of Ponzi ruse in suicide note

AP News
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Posted: Dec 12, 2014 7:41 PM

NEW YORK (AP) — Authorities in New York City say they have arrested a lawyer whose attempted suicide revealed a $5 million Ponzi scheme in which he tried to defraud dozens of investors.

A criminal complaint Friday in Manhattan federal court identifies the lawyer as Charles A. Bennett. The complaint says New York City police recovered a handwritten suicide note signed by Bennett titled: "A Sad Ending to My Life." Authorities say he jumped into the Hudson River from a pier on Manhattan's west side on Nov. 3.

The complaint says Bennett confessed that he started soliciting money from friends to meet his own financial obligations. It says he admitted spending the money on personal expenses or to pay other investors. His lawyer, Julia Gatto, told a magistrate judge he is recovering from injuries.