Montgomery County District Attorney Risa Ferman said Thursday that 50-year-old Paul Krueger is being held without bail in Atlantic County, New Jersey. He was apprehended at a casino. It's not known if he's retained an attorney.
Ferman says charges include theft, deceptive or fraudulent business practices and Pennsylvania Securities Act violations. An extradition hearing is expected next week.
Ferman says Krueger posed as a Grammy Award-nominated music producer but was actually homeless, his only possession a laptop computer. He told women he was starting a company to manufacture DVDs and CDs.
Souderton police investigated when a woman who invested $10,000 complained to federal authorities that he had stopped returning her phone calls.