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Cops: Kiefer Was Steered Into Ponzi Scheme

1/27/2010 8:25 AM PST BY TMZ STAFF

Kiefer Sutherland's cow deal gone bad is more diabolical than first thought -- authorities in California believe the "24" star was the target of a sinister con man who trapped Kiefer in an elaborate Ponzi scheme.

Before Kiefer was allegedly ripped off to the tune of $869,000 -- Sutherland actually profited more than $100,000 in a previous deal with the suspect -- a deal that, cops say, was made to bait Kiefer into dropping the mother lode.

According to court documents, obtained by TMZ, Kiefer fronted the suspect -- Michael Wayne Carr -- $550,000 for a cattle deal in 2006 in which Carr claimed he would buy cattle in Mexico and sell them in the U.S. for a profit.

Kiefer told investigators that within 30 days of the initial investment, Carr wired him $685,000 -- a $130,000 profit, according to the documents.

Just a few months later, Kiefer claims Carr approached his financial advisers with a similar deal -- one that required an $869,000 investment.

Kiefer -- who claims he has never met or even spoken with Carr -- told authorities his financial team vetted and approved the deal ... so he was happy to fork over the cash. Kiefer says he never saw a single cent.

According to the court docs, Carr later admitted that he "doctored" the paperwork to dupe Kiefer's financial team into signing off on the deal. Investigators claim Carr also said that he used the money to pay off a huge bank debt.

Carr -- who also allegedly ran the scam on several other investors -- is charged with 12 felonies, including grand theft and embezzlement.

25 COMMENTS

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1.

Lauriloo    

Sorry but doesn't Kiefer make enough money legitimately without having to resort to suspect ventures? I say he got what he deserved.

1640 days ago
2.

Simone    

People who waste their whole life wanting to be first on a site like this are the lowest forms of human life possible!!!!!!!!!!!!!!! They aren't even human!!!!!!!!!!!!!!

1640 days ago
3.

Chicken Lover    

*H*I* * *K*U*P*K*A*K*E*!*!*!*

1640 days ago
4.

Thaddeus Carlton    

Classic crooks let you make money the first time and rip you off later on! Music Downloads|

1639 days ago
5.

BumBum    

Good job yer lousy bum!

1639 days ago
6.

satanicfeminist    

Another fool and his money parted.

1639 days ago
7.

Andrea    

Wow, get rich quick schemes dont work!?! Can't believe it!

1639 days ago
8.

Goozlo    

1639 days ago
9.

disturbed    

Keifer? Heifers?
Heifer? Keifer?
Cows?
HHHOOOLLLYYY CCCOOOWWW!

1639 days ago
10.

pimpdaddy    

Baur! It's time to redirect CTU down south and go after them! Take Chloe with u & Renee and u'll find the dirt bag for sure! There is a special place for him coming soon!

1639 days ago
11.

shoeless    

TMZ, it's "mother lode" not "motherload".

1639 days ago
12.

nof    

This is what sucks about hitting the jackpot, everyone's a potential perpetrator after whatcha gotz.


Nof

1639 days ago
13.

dr cyclops    

i knew i should have given him a truth serum,dammit jack,,whats the matter with you,,im tired frankie im tired,,its been a long day and im tired,,dammitjack ,,you have 24 hours to save the world..dammit man get a grip..okay franky,,i will i know i can if i can have just 1 drink..no jack no drinking,,you know what happens when you drink,,dammit frankie i need a drink..jack dont do it please jack no!!!

1639 days ago
14.

ellie    

GREED!

1639 days ago
15.

SP    

Too bad we can't go after all the politicians & President who are ripping us off for way more than this.

1639 days ago
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