A Californian man has been arrested in what police are calling the largest Fonzie Scheme uncovered for several years.
The scam, which involved investors contributing money for the purchase and mass shipping of white T-shirts and leather jackets around the globe, was busted when officers stormed the headquarters of the schemes mastermind at his office, a men's bathroom, situated in a diner in Downtown Milwaukee.
A police spokesman said "The scheme involved investors sending money to the leader of the scheme, who would then purchase combs, t-shirts and leather jackets and ship to China - however the investors never saw a return on their investments. The profits simply vanished."
The ruse was discovered when several duped investors contacted the "brains" of the operation, only to be greeted by a recorded answer phone message saying "Ay...how you doing Mr C."
This isn't the first Fonzie Scheme to hit the headlines, in 1987, over 100 investors were conned out of over $500,000 when they invested in faulty jukeboxes that would not accept coins but would only work if kicked by a greasy haired biker.