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Authorities Indict San Antonio-Area Resident for $2 Million Investment Scam.

By Lisa Marie Gomez, San Antonio Express-News Knight Ridder/Tribune Business News

Feb. 25--Two men have been indicted on federal charges of creating a scheme that investigators said collected nearly $2 million over three years and paid for a lavish lifestyle.

Henry Allen Clasen, 51, was arrested Tuesday while he was checking in with his probation officer for another offense.

He is accused of taking money from at least 80 people and "investing" it, according to the indictment. Instead, some investors turned over their life savings and ended up

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