American charged with $14m boiler room scam

SANTA ANA, California: A former Southern California man was charged Wednesday with running a “boiler room” scheme that bilked more than 100 investors out of $14 million.
Ronald Shane Flynn, who once lived in Orange County, was indicted by a federal grand jury on 15 counts of wire fraud, the county district attorney’s office said in a statement.
Flynn, 57, is believed to have left the United States more than a decade ago, according to the District Attorney’s office, which declined to comment on where he might be living.