Canyon News
SANTA MONICA-On Wednesday, April 7, the Department of Justice announced that a former Santa Monica and Orange County resident has been charged with defrauding more than 100 investors out of $14 million.
Ronald Shane Flynn, a.k.a. “Ronnie Shane,” 57, who is believed to be residing abroad, has been charged with 15 counts of wire fraud for using boiler room tactics to fraudulently offer a “pre-IPO” investing opportunity in his entertainment and online streaming company, then using the funds to support his lavish lifestyle.
Flynn was the operator and founder of Vuuzle Media Corp., which purported to be a streaming media business with offices in Las Vegas, New York, the Philippines, the United Arab Emirates, and other locations throughout the world, according to the indictment.