Sylvein William Maximilian D'Habsburg XVII, 48, has agreed to plead guilty to a $5.9 million Ponzi scheme, targeting seniors and using their funds for luxury purchases.
Operating his Ponzi scheme from January 2018 to June 2023, D'Habsburg deceived investors by falsely claiming to have created advanced AI software and significant celebrity endorsements.
D'Habsburg misled the local Filipino community, specifically targeting elderly church parishioners, by claiming his companies were developing groundbreaking technology and receiving major celebrity investments.
Despite his claims, D'Habsburg's actual use of the funds was not for business development but for personal luxuries such as rare antiques and high-end vehicles.
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