Chicago's Most Wanted Eduardo Velazquez - New York News

Chicago's Most Wanted Eduardo Velazquez

Posted:

 
Chicago FBI agents say 39 year old Eduardo Velazaquez made some investors an online offer they couldnt refuse by telling them his product was risk free.


Federal prosecutors charged Velazquez in 2008 with mail and wire fraud based on promises he made consumers if they invested in a hedge fund offered by his internet-based investment company, V-Tek Capital. The FBI's John Diwik says, "What he was promising is that he would take the investors money and that he would spend 20 percent of it on a hedge fund and the other 80 percent would be used to purchase zero coupon bonds." Diwik adds investors would then be offered a ten percent return on their investment.


Agents say Velazquez ran his company from an apartment building in the 200 block of west Washington for six years. In that time, court records indicate he defrauded investors across the country out of nearly two million dollars. Investigators say Velazquez spent the money on himself and his girlfriend. They also he disappearred right before his case was slated to go to trial last November.  A federal judge issued a warrant for his arrest in December.
 

Despite being on the run for three months, FBI agents say believe Velazquez may be hiding out in the Chicago area. They say that's because most of his friends and family are here, which means, you may have seen him.

Here is detailed description of what investigators say Velazquez looks like.

He is described as a Hispanic male, about six feet two inches tall, weighing around 250 pounds, with brown hair and eyes. He is known as either Eduardo or Edward R. Velazquez.

If you see him, call police. .

  • Local NewsLocal NewsMore>>

  • Brooklyn man charged in shooting that wounded teen bystander

    Brooklyn man charged in shooting that wounded teen bystander

    Friday, April 18 2014 7:35 PM EDT2014-04-18 23:35:59 GMT
    The NYPD has arrested and charged a suspect in the shooting of a teenaged bystander as well as another man in Brooklyn. Police on Friday charged Kareem Potomont, 21, with two counts of attempted murder, assault, criminal possession of a weapon, criminal use of a firearm, and reckless endangerment in connection with the shooting that took place near a bus stop on Flatbush Avenue on Monday, April 14.
    The NYPD has arrested and charged a suspect in the shooting of a teenaged bystander as well as another man in Brooklyn. Police on Friday charged Kareem Potomont, 21, with two counts of attempted murder, assault, criminal possession of a weapon, criminal use of a firearm, and reckless endangerment in connection with the shooting that took place near a bus stop on Flatbush Avenue on Monday, April 14.
  • Special Olympics: Athlete Jessica Spitz

    Special Olympics: Athlete Jessica Spitz

    Friday, April 18 2014 6:35 PM EDT2014-04-18 22:35:09 GMT
    Jessica Spitz, 18, is training for one of the biggest days of her life. The Commack, Long Island, High School senior will be competing in the 2014 Special Olympics USA Games in the 100-yard dash and the shot put. From the moment Jessica joined Special Olympics last year, she was hooked.
    Jessica Spitz, 18, is training for one of the biggest days of her life. The Commack, Long Island, High School senior will be competing in the 2014 Special Olympics USA Games in the 100-yard dash and the shot put. From the moment Jessica joined Special Olympics last year, she was hooked.
  • Faithful flock to Bronx church for its grotto water

    Faithful flock to Bronx church for its grotto water

    Friday, April 18 2014 5:43 PM EDT2014-04-18 21:43:31 GMT
    While a thousand people streamed into a courtyard at St. Lucy Parish in the Bronx to watch a reenactment of the crucifixion of Christ, next door a steady trickle of believers quietly collected water from that church's grotto, taking the liquid home to heal, cure, and bless.
    While a thousand people streamed into a courtyard at St. Lucy Parish in the Bronx to watch a reenactment of the crucifixion of Christ, next door a steady trickle of believers quietly collected water from that church's grotto, taking the liquid home to heal, cure, and bless.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices