A Florida man pretending to be billionaire Elon Musk on Facebook scammed 74-year-old Florida woman out of over $250,000, police say.
"They exchanged messages for several months, and the victim was encouraged to invest in Musk’s businesses," police say in a release. "She was promised a $55 million return."
Police arrested Jeffrey Moynihan, Jr., 56, earlier this week for grand theft. The Bradenton Police Department said that financial records show the woman from Texas sent at least $250,000 to Moynihan's business in Florida, a local television station reported.
Financial records indicate the woman transferred $250,000 to bank accounts owned by Moynihan Jr. and his painting/pressure washing business, investigators said.
"The victim’s husband told investigators his wife gave 'Elon Musk' approximately $600,000," police say.