Arrest made in ‘large-scale’ financial scam that swindled thousands from elderly victim

Police in Simi Valley have arrested a 21-year-old man from Los Angeles County as part of an ongoing investigation into a “large-scale” financial scam operation targeting at least one elderly resident.

On March 19, officers from the Simi Valley Police Department arrested Ruishan Liu of West Covina for his alleged role in the scheme.

The Chinese-born suspect is accused of targeting an elderly Simi Valley resident and “manipulating” them into withdrawing and handing over $200,000 in cash by claiming it was part of a bank security measure…

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