Ponzi schemer 'King Perry' pleads guilty; had lived lavishly

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