What is john ruffo?

John Ruffo

John Ruffo is primarily known for his involvement in a massive fraud scheme. He was convicted of conspiracy, bank fraud, and wire fraud related to securing $350 million in loans from a consortium of banks to finance what he claimed was a top-secret investment with the Philip Morris Companies.

The "secret investment" turned out to be a complete fabrication. Ruffo and his accomplices used the money for personal enrichment, including purchasing real estate, jewelry, and other luxury items.

• The Fraud: The details of the Fraud Scheme itself are central to his notoriety. He created fake documents and impersonated government officials to deceive the banks.
• Disappearance: In 1998, after being sentenced to 17 and a half years in prison, Ruffo disappeared shortly before he was due to report to prison. He remains a fugitive. The Fugitive Status has made him a subject of ongoing law enforcement interest.
• U.S. Marshals Service: The U.S.%20Marshals%20Service has been actively pursuing Ruffo for over two decades, making his case one of their longest-running and most high-profile fugitive investigations.
• Philip Morris Companies: The false claim about a secret investment with Philip%20Morris%20Companies was a key element of the con, lending a veneer of legitimacy to the fraudulent loan applications.