Michael Ralph Casey is wanted for his alleged involvement in a January, 2010 to April, 2011 investment scheme that defrauded hundreds of investors worldwide out of approximately $19,000,000. Casey was the president and in-house attorney for a Fort Lauderdale, Florida based company, Commodities Online, LLC, which sold participation interests in purported short term pre-sold commodities contracts promising returns that ranged from 3% to 33%. However, there were no profits and those investors who requested cash payouts were paid with new investor money. In April, 2011, the company was shut down by civil court order obtained by the U.S. Securities and Exchange Commission.
Casey was indicted by a federal grand jury charging him with conspiracy to commit mail/wire fraud and mail/wire fraud, and in September, 2012, he was arrested and released on bond pending his trial in Miami, Florida. On April 29, 2014, Casey failed to appear for a court hearing and a bench warrant was issued for his arrest by the United States District Court, Southern District of Florida.
Casey is a Florida licensed attorney and a long-time resident of South Florida.