Philadelphia Fugitive Arrested in Alabama

By: Bethany Gillis Email
By: Bethany Gillis Email

(Dothan, AL)--A fugitive from Philadelphia was captured by local police on Wednesday.

Michael Kwasnik is charged with theft and money laundering in New Jersey .
Police said he headed an 8.5 million dollar Ponzi scheme that cleaned out dozens of retirement accounts.

The Dothan Police Department received an anonymous tip that Kwasnik was attempting to transport narcotics in the area.

Police investigated the call and found him at the greyhound bus station on South Foster Street in Dothan on Wednesday. Authorities said they didn't find Narcotics on Kwasnik, but they did run a background check on him and discovered he was wanted in another state.

New jersey police issued an indictment for Kwasnik on Monday.

"Because this case is not originally under our investigation, I won't comment on his charges," Dothan Police Department Sergeant Rachel David said. "However, I can say that Mr. Kwasnik did not present any harm and did not attempt to allude officers when he was confronted, " She said.

Police believed Kwasnik was planning on fleeing the country. They said he had cash, a passport and maps of other countries. Kwasnik will be held in Dothan until he is extradited back to New Jersey.

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