More Victims In Local Investment Scam

Lake Worth--A Lake Worth businessman is accused of stealing hundreds of thousands of dollars from people across South Florida. Today more than 40 people showed up at Creative Capital Concepts to gathering written complaint for the Florida State Attorney General's Office.

Authorities say hundreds of people invested thousands with George Theodule of Creative Capital Concepts. But now he's no where to be found.

"At least on the surface it looks like this person has just vanished and that really isn't the nature of an investment," said Detective Adam Fox with the Palm Beach County Sheriff's Office.

One investor says he lost $67,000 dollars.

"I'm a businessman, I feel embarrassed I got suckered," said the investor who did not want his identity reveled. "I should have done a little more research--it's a lesson."

The more than 40 people standing outside Creative Capital Concepts around noon on Friday said they lost money in investment clubs run by Theodule. We ran his name on the Florida Division of Corporations website and found out he has 24 businesses registered across the state of Florida. Detectives say they're confident all the businesses belong to the alleged scammer.  

"I'm very angry because I've gotten my family members into this," said Andres Myer who invested 25,000 dollars.

Detectives say Theodule could be using the businesses to hide money from investors. Meanwhile, no one can reach this man who clams be a stock broker. Not by phone and certainly not in the office.

"He's just prolonging the situation--nobody is getting any money, there not even getting their original money back, " says Myers.

We also found a blog dedicated to Theodule and his business practices.  With dozens of negatives posts from all over the county.  One blogger says she gave him $150,000 dollars back in June, but she hasn't heard from him since.

We went to Creative Capital Concepts today, but were told no one was there.  We also left several messages with Theodule although our calls have not yet been returned.  The Sheriff's Department said right now they are in touch with the attorney general's office, the FBI, and other law enforcement agency's across the county.  Detectives say their could be more than one thousand victims.