A former Rochester resident has been arrested in what federal prosecutors say was a multi-million dollar Ponzi scheme.
Christopher Parris is accused of defrauding roughly 1,000 investors out of at least $115 million over six years.
Prosecutors say Parris and partner Perry Santillo, pitched bogus investment offerings and used later investments to pay returns to the earlier investors.
The rest of the money was used for by the conspirators for lavish lifestyles.
Santillo has already pleaded guilty. Parris now lives in Atlanta.