The case is being investigated by the FBI's New Orleans Division. The FBI is seeking information that may help identify potential victims of Michael Brian DePetrillo’s fraudulent scheme.
DePetrillo operated a commodities investment fraud scheme and collected over $9.2 million in investment funds from over 60 investors from July 2017 through at least May 2024. DePetrillo made false representations that he would invest the victims’ money in low-risk commodities and guaranteed rates of return through companies he owned called Meteor, LLC; NOLA FX Capital Management, LLC; ELC Enterprise Solutions, LLC; and Argosapolis LLC. In many instances, DePetrillo used the money for his personal gain and personal expenses.
If you were victimized by DePetrillo or have information relevant to this investigation, please fill out this short form.
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