FBI Arrests Man Who Conned Investors Out Of $455,700 For A Race That Was Never Going To Happen

Illustration for article titled FBI Arrests Man Who Conned Investors Out Of $455,700 For A Race That Was Never Going To Happen

When you tell someone you're going to bring home an endurance race, you'd better do it, especially if those you've promised it to gave you a bunch of money.

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Curtis Boggs told Cincinnati they'd get a 24-hour endurance race, then there wasn't one, then he fled to Mexico. He had collected $455,700.

But the FBI was on his trail, and caught him crossing the border into California, where they believe he's been holed up since his alleged scam was discovered. Federal grand jury indictment documents say that Boggs had promised investors a 10 to 15 percent return, but that he instead used the money for house payments and a new Lincoln MKX, among other personal uses.

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Boggs is currently wearing an ankle bracelet and living with family in Cincinnati, but if he's convicted, he'll go to prison for a while.

If that ends up being the case, the judge should sentence Boggs, set him free, then have him arrested on the courthouse steps and thrown in prison just when he thinks he's getting away. It would be a huge letdown for him, I know, but fair's fair. And if you think that such public shaming is unnecessary, we know of another Ohio judge who would disagree.

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Photo credit: Getty

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DISCUSSION

In Cincy they like to spend money on things that make no sense. Like completely funding a stadium for the Bengals, and letting them keep all the ticket money and vendor money. Or, the streetcar that they are going to put in that leads from the stadium, to the corner of the ghetto where the hookers gather, then up to the college. The things it passes are all on bus routes, which are going to continue with the streetcar, they aren't going where the buses don't go, an the main bus depot is about a block and a half away from where the streetcar depot will be located. So it basically serves the same purpose as the buses currently provide, but for a much higher cost. The city is broke and the signed a contract with the company that is making the streetcar, and the city will pay for 50 years of service no matter how long they actually keep it going, fail or not. There were two proposed rail systems, a light rail (passenger train) service from Cincinnati through Dayton and Columbus to Cleveland and this bus route streetcar. Both cost the same (there is already an unused train station and track that would just need upgrades, where the streetcar requires new roads and track), the city decided that the streetcar would generate more money and reduce traffic, because, you know, streetcars on very congested city streets competing with buses doesn't hinder traffic. Also, because everyone wants to go to the neighborhood that ranks in the U.S. top five for serious crime (Over The Rhine) and grab a hooker, and since the streetcar is not near your house, to ride it, you must drive through the streets that "will have less traffic due to the streetcar" and park either in one of the garages on the path, or at the college, where it will be broken into. All a passenger train would do is bring people from outside the area to the town so they could spend their money and the buses could still do the same job they always have, but without being held up by streetcars.

Also, the city gave $1mil to a women who owed the IRS $49,000 in back taxes for another restaurant she owned, and she had a year old warrant for her arrest in the next county over for refusing to pay for services which she was found guilty and ordered to pay $3,000. I'm all about giving to small business, and taking the risk, but if the owner of a restaurant has a history of failing to pay it's taxes and bills, and the owner has an arrest warrant, that is a huge red flag. I wouldn't give them a dime to start another restaurant until they got their situation under control. Fortunately, the owner got her shit together and the risk is minimal now, although critics review of the restaurant are not great. I personally haven't eaten there yet, but will eventually.

So this whole investing in an implausible race when their are no funds to do so, sounds like normal Cincy business. Hoefully the city recovers a good chunk, if not all, of the money. If not, I heard some dude in Nigeria died with no heir and his lawyer is willing to send the money to Cincy, the just have to pay they taxes up front first. Sounds like a good deal...