Arthur A. Ferdig, 70, a self described religious leader and former financial head of a massive offshore financial operation known as 'Tradex", which Federal authorities have dubbed a massive offshore "Ponzi Scheme" that duped investors out of over 100-million dollars, is expected to plead guilty to one count of tax evasion before a federal court in Los Angeles on Thursday.
Ferdig, who was arrested this past July in Florida by IRS and other federal agents was brought to California to stand trial on charges handed down in a formerly secret sealed federal grand jury indictment. Ferdig pleaded "not guilty" at his iniital arraignment this past August. A former partner of Ferdig in the 'Tradex' scheme, Susan Lok of Gardena, was previously convicted and sentenced to 10 years in federal prison in 2007.
The plea agreement signed by Ferdig and filed today in Los Angeles Federal Court was obtained exclusively by The Enterprise Report.
Download and read the full 17-page Federal plea agreement below: