Ponzi Scheme Alleged in Eugene

Eugene police arrested Dennis R. Thaut this morning, alleging that the 65-year-old securities investor had run a Ponzi scheme out of First Security Financial, according to a press release.

Police alleged Thaut’s Ponzi scheme, run out of a prominent historic Victorian house on East 11th Ave., defrauded at least 20 mostly elderly victims of tens of thousands of dollars. Police arrested Thaut on 17 counts of Aggravated Theft in the First Degree.