Tags: US | Fraud Case | Frozen Wife

Prosecutors: Fraudster Used Funds to Freeze Wife

Saturday, 20 Dec 2014 01:31 PM

Prosecutors say a financial fraudster used backers' money to have his wife's body cryogenically frozen before fleeing New York for South America.

That's among allegations in a federal indictment unveiled Friday against Whileon Chay.

Manhattan federal prosecutors say Chay solicited more than $5 million from people for investment pools, misused and lost the money and bolstered his deceit with bogus account statements. They say he used some of the money to buy himself luxury cars, and over $150,000 of it to have his wife frozen after her 2009 death.

Prosecutors say Chay fled to Peru while under investigation in 2011. Neither he nor any lawyer responded to a related 2013 civil case.

There was no immediate response Saturday to a message at a phone number possibly once associated with him.

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Prosecutors say a financial fraudster used backers' money to have his wife's body cryogenically frozen before fleeing New York for South America.That's among allegations in a federal indictment unveiled Friday against Whileon Chay.
US, Fraud Case, Frozen Wife
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2014-31-20
Saturday, 20 Dec 2014 01:31 PM
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