One of two Raleigh men wanted in a Ponzi scheme that targeted Christians has been arrested in Atlanta, nearly three years after he was charged.
Ronald Earl McCullough’s partner in the scheme was sentenced to 26 years in prison for his role in January, but he remained on the lam until Tuesday afternoon. McCullough was arrested by FBI agents at the Perimeter Mall in Atlanta. The FBI says he had attempted to disguise his appearance but admitted his identity to the agents.
McCullough was charged with conspiracy, wire and mail fraud and other crimes in July 2013. Federal agents accused him and another man, David Christopher Mayhew, 43, of Raleigh, of soliciting people in what they described as “an exclusive foreign exchange group.”
A federal judge in January sentenced Mayhew to 26 years in prison for conspiracy, wire fraud, mail fraud and money laundering.
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FBI agents say McCullough portrayed himself as a religious leader and used that angle to get investors to trust him with their life savings and even with property that two victims planned to build a church on. After reviewing bank records, investigators determined McCullough and Mayhew never successfully invested any money.
Federal investigators thought McCullough was hiding in the Atlanta area. Last month FBI agents launched a publicity campaign and offered a reward of up to $5,000 for information leading to his whereabouts and arrest.