Source: US FBI
SAN DIEGO – Sang Phuoc Do Le of Oceanside was charged in federal court today with defrauding investors who unwittingly funded the defendant’s gambling habit and luxury car purchases rather than supposedly-profitable Apple reseller businesses.
According to a complaint, Le told investors he owned two businesses, MobileSky and MobileSky2 (collectively, the “MobileSky Companies”), that purchased bulk supplies of Apple iPhones and sold them overseas for profit. However, the MobileSky Companies conducted no such business. Rather, Le used the “MobileSky” business name, which belonged to a person he knew in Northern California, to further his investment scheme.
Le, also known as “Andy Le,” was arrested July 23, 2025, after the FBI learned Le had returned to Oceanside from a recent casino stay in Arizona. He was charged via complaint and then indictment by a federal grand jury. He was arraigned today on five counts of wire and mail fraud. According to charging documents, it was a Ponzi-like scheme in which some investors were paid small returns from the investments of others; but many never received any of their promised profit or their original investment back.
The indictment alleges that Le convinced his victims to invest by making false representations, including that the MobileSky Companies operated an overseas iPhone business in foreign countries such as China; that he held a legitimate Apple Reseller Agreement to purchase and sell iPhones overseas; that investor money would be used to fund wholesale purchase orders of Apple products, including iPhones; and that the MobileSky Companies had substantial purchase orders for large quantities of cell phones.
The indictment further alleges that Le provided investors with falsified receipts—purportedly from Apple for iPhone purchases—to create the appearance of legitimate business activity by the MobileSky Companies. For example, he allegedly assured investors of the MobileSky Companies’ ongoing viability by falsely claiming there was an outstanding purchase order from Apple for iPhones worth more than $1 million.
Instead of using investor funds for the MobileSky Companies, the indictment contends that Le diverted the money for his own personal use, spending it on gambling, luxury cars, and luxury items. He also used the money to make Ponzi-like payments to other investors. As a result of his investment fraud, Le induced investors to part with more than $2 million by wiring and mailing him the funds.
The complaint said FBI agents obtained numerous records from casinos in California, Arizona, Nevada, and Florida, showing that Le deposited large sums of cash and, in some cases, had investors wire funds directly to such casinos, and then Le used these funds to gamble—not to purchase bulk supplies of iPhones.
Le received various wire transfers from investors throughout the scheme, including one for $792,500. Le made a series of money transfers, but he did not use these funds to purchase iPhones as he told his investors he would. Rather, he withdrew $300,000 in cash and transferred approximately $398,000 to several car companies – West Coast Exotic Cars and Fusion Luxury Motors. Based upon witness statements and business records, Le purchased luxury vehicles, including a green Lamborghini, as shown below.
Le repeatedly made excuses to investors on why he could not pay them the interest promised. At the same time, Le was pitching his “MobileSky” investment program to other potential investors. Le told them they could invest in MobileSky and receive a fixed-rate monthly return, such as 17 percent, on their principal. Le continued to pursue investors, taking some out for lavish dinners and at least one complimentary trip to Las Vegas. After witnessing Le spend lavishly and gamble extravagantly in the casinos in Las Vegas, some potential investors felt confident to invest in MobileSky.
According to witness statements, Le claimed he used casinos like banks to explain to investors why he asked them, at times, to wire money to him at the casinos, which some investors did. However, casino records show significant gambling losses by Le at various casinos in California, Arizona, and Nevada. At the arraignment today, Le entered a plea of not guilty to all the charges in the indictment.
U.S. Magistrate Judge Jill Burkhardt scheduled a motion hearing/trial setting for September 19, 2025, at 11 a.m. before U.S. District Judge Dana M. Sabraw. Le has been ordered detained without bail at this time.
This case is being prosecuted by Assistant U.S. Attorneys Joseph Orabona and Ashley Goff.
DEFENDANT Case Number: 25CR3037-DMS
Sang Phuoc Do Le, aka “Andy Le” Age: 39 Oceanside, CA
SUMMARY OF CHARGES
Wire Fraud – Title 18, U.S.C., Section 1343
Maximum penalty: Twenty years in prison, $250,000 fine, and mandatory restitution to victims.
Mail Fraud – Title 18, U.S.C., Section 1341
Maximum penalty: Twenty years in prison, $250,000 fine, and mandatory restitution to victims.
INVESTIGATING AGENCY
Federal Bureau of Investigation
*The charges and allegations contained in an indictment or complaint are merely accusations, and the defendants are considered innocent unless and until proven guilty.
Anyone with information about allegations of investment fraud committed by Sang Phuoc Do Le, aka “Andy Le”, or others, can report it by calling the Federal Bureau of Investigation’s San Diego Field Office at (858) 320-1800; calling the FBI’s National Complaint Hotline at 1-800-CALL-FBI (1-800-225-5324); or submitting a tip about a federal crime, including fraud, at tips.fbi.gov.