2 Indicted in Alleged Online Fraud Scheme

A Canadian man and a Californian were indicted on money laundering and fraud charges related to a $60-million Internet investment scheme that prosecutors called one of the largest such crimes in the country.

Alyn Richard Waage, 56, of Nisku, Canada, and James Michael Webb, 40, of Mountain View, Calif., used the money they garnered from investors to buy millions of dollars’ worth of property, the U.S. attorney’s office in Sacramento said.