Attorneys say Eduardo Galan, 62, ran a financial service business under different names, including S&G Unlimited Services.

They say while under that name, Galan cheated his clients out of hundreds of thousands of dollars over more than ten years.

Prosecutors say Galan promised his clients he would invest their money in private mortgages, while instead using the money for personal and business expenses as well as paying earlier investors in a Ponzi-type scheme.