This report is part of Season 2 of the ABC News podcast, “Have You Seen This Man?,” hosted by “The View’s” Sunny Hostin. It follows the U.S. Marshals’ ongoing mission to find John Ruffo, who engineered one of the most outlandish frauds in U.S. history, vanished in 1998 and has never been found. A four-part Hulu Original limited series on the global search for Ruffo is currently in production from ABC News Longform. MORE HERE
An unassuming Brooklyn computer salesman who in 1998 committed one of the nation’s most outlandish bank frauds before making a brazen escape is now the subject of an intensifying global manhunt by the U.S. Marshals.
John Ruffo swindled banks out of more than $350 million and was scheduled to start serving a 17-year prison sentence when he vanished. The U.S. Marshals have labeled Ruffo one of their 15 most wanted fugitives and have provided ABC News unprecedented access to their manhunt for the second season of the podcast “Have You Seen This Man,” launching today.
NEW EPISODES: ‘Have You Seen This Man’ podcast: Join the global manhunt for John Ruffo
The case has for decades baffled investigators, who never fully understood why Ruffo was granted the unusual privilege of being allowed to self-report for such a hefty prison term. On the day he was supposed to show up at prison, he rented a Ford Taurus, drove to Queens, New York, to turn in the ankle monitor he had been wearing, took $600 out of an ATM, left his car in long term parking at JFK airport, and disappeared.
A grifter with a history of elaborate cons and an un-memorable everyman appearance, Ruffo has proven an unusually challenging target, investigators said. The Marshals believe his disappearance was aided considerably by more than $13 million in stolen money that has never been found.
Ruffo’s fraud was deceptive in its simplicity. Teaming up with a former executive from the Phillip Morris tobacco company, he devised a false story about what they said was a super-secret research effort to develop smoke-free cigarettes. Ruffo’s computer firm was supposed to be supplying computers for the project – but the entire enterprise was a mirage. As millions poured in from banks, Ruffo attempted to invest the money on Wall Street, figuring he could pocket the gains and pay back the loans. But he was not a shrewd stock picker. He and his co-conspirator were arrested when the ruse fell apart.
From Yahoo News.
