March 29, 2024

KINGS MOUNTAIN, N.C. — The two men accused of operating a Ponzi scheme in Kings Mountain have been arrested in New York, court records show.

Channel 9 previously reported on people who gave thousands of dollars to an investment company with nothing to show for it.

“I want to know why,” investor Stephen Di Tillio said.

Di Tillio, of Charlotte, said the $9,000 he invested in D&T Investments was to help him be financially self-dependent for the first time in his life.

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“I was planning to do that myself, and they took it,” he said.

He said some of his co-workers had invested with D&T, including Debbie Hicks, who invested $20,000 for retirement.

“Basically, I’ve got to start all over,” Hicks said.

In a newly unsealed complaint, law enforcement said that shortly after D&T Investments — owned by Austin Page and Brandon Teague — closed in early December, they were inundated with complaints from investors who believed they were victims of fraud.

Authorities said Page and Teague left Charlotte on Nov. 30, 2021 on a flight to Italy with no return flight scheduled. When they landed, Page allegedly sent former employees an email saying D&T was closing, the document said.

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Investigators said they interviewed a former employee of D&T who alleged more than 350 people invested over $6 million with D&T. The employee estimated the investors were currently owed…

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