An Antioch man was arrested Thursday morning on charges he targeted elderly homeowners out of at least $420,000 and perhaps as much as $1 million. One of the victims is from Fairfield.
With a $1 million arrest warrant from Fairfield police, Antioch police took Prince Walter Harris into custody at a nail salon in a Antioch shopping center at 11 a.m.
Fairfield police began their investigation last October when 78-year-old local resident Edna Mae Ellis reported Harris. She said she gave her life savings of $120,000 to the suspect with the agreement that he would invest it for her and pay her $1,200 a month plus her initial investment. She reported she received $1,200 payments for three months and then they stopped.
In the course of their investigation, police learned of a woman now living in Arkansas who resided in Oakland when Harris allegedly bilked $300,000 from her.
When arrested, Harris told News10, "It's a lie."
Harris ran his operation under two business names, Affordable Housing Solutions and Home Loan Masters. Police said he also posted flyers on making money from your home on telephone poles.
Police traced $600,000 Harris spent at California and Reno casinos.
Harris is facing charges of financial elder abuse, money laundering and larceny. Investigators said there may be additional charges.
"He's a very smooth talker and he's basically a con man," said Fairfield Police Lt. Al Bagos.
Anyone who believes they may have been a victim of Harris should contact their local police department or the Fairfield Police Department at (707) 428-7600.
Harris owns Prince's Seafood Restaurant in the shopping center where he was taken into custody.