Two men indicted for sports betting pyramid scheme in Las Vegas

LAS VEGAS - Two Las Vegas residents made their initial court appearances in U.S. District Court on Friday for charges in connection with a multi-million dollar investment fraud scheme, announced U.S. Attorney Nicholas A. Trutanich of the District of Nevada and Special Agent in Charge Aaron C. Rouse of the FBI.

A federal grand jury returned a 14 count indictment on Tuesday, charging John Frank Thomas III, 75, and Thomas Joseph Becker, 72, both of Las Vegas, with one count of conspiracy to commit wire fraud and 13 counts of wire fraud. Thomas is also known as “John Frank,” “Johnathan West,” “John Frank Rodgers,” “John Marshall,” and “John Edwards.” Following their arrests on Friday, Thomas and Becker made their initial appearances before U.S. Magistrate Judge Nancy J. Koppe, who scheduled a jury trial for 4 January 2021.

“Nevada has earned a worldwide reputation as the gold standard in gaming integrity,” said U.S. Attorney Trutanich. “Our office will continue working with our law enforcement partners and the gaming industry, including the FBI, to maintain Nevada’s reputation — which reflects the efforts of hardworking Nevadans across our state — by investigating and prosecuting violations of the law, and by helping enhance compliance programs.”

“The men and women of the FBI work hard every day to identify and apprehend those responsible for taking advantage of trusting citizens who were swindled out of their investments," said Special Agent in Charge Rouse.