Accused millionaire swindler goes to court

June 4, 2008 8:37:14 PM PDT
A homeless man accused of duping 13 women by posing as a millionaire on an Internet dating service was arraigned Wednesday in this Philadelphia suburb. Paul Krueger, 50, used a laptop computer to meet the women on, prosecutors said. He is accused of stealing more than $100,000 from the women after convincing them he was a Grammy-nominated record mogul who needed investors for a new business venture that manufactured DVDs, CDs and other videos. He showed one victim false stock reports detailing the success of his nonexistent new business, according to court papers.

Charges were filed in Souderton because that is where he told women to send him money; the address is the home of his ex-wife, authorities said.

Authorities say Krueger used the money to fuel his gambling addiction. He was arrested last week at a casino in Atlantic City, N.J., and did not fight extradition to Pennsylvania.

Krueger declined to comment to reporters as he was arraigned on charges of theft by unlawful taking or disposition, theft by deception, deceptive or fraudulent business practices and Pennsylvania Securities Act violations.