Christopher Warren, 27, and Scott Cavell, 26 were both charged in federal court last week with bank and mail fraud

Christopher Warren, 27, and Scott Cavell, 26, were both charged in federal court last week with bank and mail fraud for their earlier involvement in Loomis Wealth Solutions, described by an IRS investigator as a real estate Ponzi scheme with losses estimated at $100 million.In the radio program, both men encourage investors to contact them for real estate purchases and financing."Not only can you (achieve) positive cash flow, but you can essentially triple your money in the matter of a few years," Cavell said on the recording. "I would recommend talking to someone that knows what they're doing. Cavell-Warren Real Estate is an investment company that we also run."In his pitch to a local talk radio station, Warren asked for a one-hour time slot immediately adjacent to another program focusing on personal finance.There was no indication the talk show ever got past the initial discussions with executives at the radio station.

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Garret Griffith Gililland III is fighting extradition from Spain

Authorities say one of three suspects in a $100 million mortgage-fraud scheme has been arrested in Spain. Federal prosecutors in Sacramento say Garret Griffith Gililland III is fighting extradition. Assistant U.S. Attorneys Matt Stegman and Russell Carlberg said Tuesday that the 27-year-old Chico man was caught in October, a month after he was charged and fled. They said they could not release the information earlier because of their ongoing investigation. Last week they charged Christopher Warren, 26, and Scott Cavell, 25, both of Sacramento, after they fled the country. All three face fraud and conspiracy charges in connection with Loomis Wealth Solutions, a Roseville-based investment company prosecutors say defrauded investors and mortgage companies.

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