The U.S. Attorney's Office and FBI announced yesterday that they had arrested one Charles A. Bennett on securities and wire fraud charges after Bennett attempted suicide early last month and confessed to his crimes in a note he'd left. His suicide attempt failed, the New York Post reported, and the NYPD found his note.
"It was all an illusion," the note reads, according to the complaint. "It was a Ponzi scheme pure and simple... The bulk of the funds were used in classic Ponzi scheme fashion to pay off other supposed 'investors' and my absurd lifestyle. All the while pretending I was making everyone wealthy with absurd returns on their money."
His victims reportedly include former Governor Eliot Spitzer, whose name Bennett invoked to get people to give him their money. Bennett, whom the U.S. Attorney's Office describes as a former corporate lawyer, formerly worked with former Governor Eliot Spitzer's former wife, Silda Wall Spitzer, at Skadden, Arps, Slate, Meagher & Flom.
Bennett threw himself off a pier into the Hudson River on November 3. On November 12 and 14, he told an FBI agent that everything in the note was true. He is currently awaiting his bail hearing in Mount Sinai Roosevelt Hospital, where the New York Post reports he is recovering from a ruptured lung.