Draft:Matthew Piercey

Matthew M. Piercey is an American investment manager, convicted in 2020 of speerheading a $35,000,000 investment fraud scheme throughout the preceding five years. On November 16, 2020, Piercey led federal law enforcement personnel on a lengthy pursuit near Redding, California, during which he submerged into Shasta Lake with an underwater vehicle before beaing captured by authorities.

Piercey has not yet been sentenced, but is potentially subject to sixty years in prison and millions of dollars in fines if found guilty. His accomplice, Kenneth Winton of Oroville, California, plead guilty in December 2020.

Background
Between 2015 and 2020, Piercey allegedly participated in Ponzi schemes in connection with two investment firms, Family Wealth Legacy LLC and Zolla Financial LLC.

Escape
On November 16, 2020, federal law enforcement officials attempted to arrest Piercey at his home in Redding, California.