HALLANDALE BEACH (CBSMiami) — Hallandale Beach Police arrested a mail man for his role in an alleged gold and diamond investment scam.READ MORE: NBA fines Miami Heat $25,000 for violating 'bench decorum'
Lawyer Stanley Jr. is now facing charges of organized scheme to defraud, first-degree grand theft and third-degree grand theft.
His arrest comes after an investigation by the Office of Financial Regulation (OFR).
Officials said Stanley, from September 2006 to September 2013, while working as a letter carrier for the U.S. Postal Service, solicited potential investors for a fake gold and diamond investment opportunity in Africa.READ MORE: Man faces several charges including pointing laser at BSO aviation unit
During his mail route, he allegedly solicited investments from residents, co-workers and acquaintances, promising some he would double their investments or millions of dollars in returns on their investment.
Stanley also allegedly persuaded victims to invest in a large scale infrastructure project for which he claimed to have exclusive contracts with governments in Africa.
Authorities said they believe Stanley spent at least $2.1 million that was allegedly invested in the scam.MORE NEWS: Miami ex-Proud Boys leader Henry 'Enrique' Tarrio to stay jailed until Capitol riot trial
He is being held at Broward County Jail on a bond of $50,000.