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After wild police chase, submarine adviser hauled in by Feds

Facade of a court house

The FBI arrested Matthew M. Piercey on fraud and other charges after he tried to elude authorities by diving underwater using a submersible device

A California man wanted by the FBI for his part in an alleged $35 million Ponzi scheme tried to outrun the authorities on Monday by diving underwater using a small, submersible device, according to federal investigators.

Matthew M. Piercey is not a registered broker or investment adviser, accord

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