Tom Simon

Calls in the FBI.

And during the investigation, he was caught destroying evidence.

The investors – I've worked hundreds of these type of cases.

When the investors aren't getting paid back, they get upset and call the FBI.

None of them just say, OK, got me.

Well, I guess I'll just net this against my income.

No, they call – my phone starts ringing.

Had they called me when it was actually happening, we could have done more.

But no one calls me until this whole thing collapses and Teddy stops returning their calls.

Here's a wrinkle in why we have two defendants.

Teddy's mom, Deanna Drum, age 61, she handled the day-to-day, the back office of the business.

And she was – and it was proven beyond a reasonable doubt that she –

that she was in on it as far as kind of like moving the money around and aiding and abetting the sale of unregistered securities.

She's working the back office.

Teddy's the face of the operation.

Teddy's enjoying the money.

But his mom is a mechanic in the background, kind of pulling the strings, keeping track of stuff, emailing people on his behalf, things like that.

The loss amount, though, for all – I guess West Virginia real estate is not worth as much as Manhattan real estate.

It was only $400,000.

Wow.