MICHAEL RUBINKAM
Associated Press
SCRANTON, Pa. (AP) — The fraudster called himself "King Perry," and for a while he lived like royalty.
Perry Santillo masterminded a long-running investment scam that collected more than $115 million from 1,000 investors around the country, using some of the proceeds to fund a lavish lifestyle of cars, casino junkets and houses in multiple states, according to federal securities regulators.
At one point, Santillo threw himself a party at a Las Vegas club and had a song written for the occasion — the lyrics of which boasted that "King Perry" wears a "$10,000 suit everywhere he rides," the Securities and Exchange Commission said in a complaint.
The Ponzi scheme eventually collapsed, and Santillo, of Rochester, New York, is likely to trade his fancy
