285: Tom Simon – Prison Ponzi Scheme

In this episode, retired agent Tom Simon reviews his investigation of Las Vegas couple Perry and Rochelle Griggs for orchestrating a prison Ponzi scheme.

While serving 8 years in federal prison for securities fraud, Perry Griggs started another scam, where fellow prisoners and their families were the victims. When Griggs was paroled, he and his wife disappeared. A national fugitive manhunt, resulting in their arrest and conviction. CNBC featured this prison Ponzi scheme case on American Greed.

Tom Simon served in the FBI for 26 years. He was assigned to Chicago and Honolulu Divisions where he spent most of his time investigating financial crimes with an expertise in investment fraud and embezzlement schemes. He also was assigned as a part-time media spokesperson for the field offices.

Later in his career, he transferred to the Jacksonville Division in Florida, where he was assigned to the Joint Terrorism Task Force (JTTF) and worked on the Human Intelligence (HUMINT) Squad, recruiting and handling confidential human sources in the fields of terrorism and investment fraud, before ending his career, serving on the Financial Crime Team managing a caseload of white-collar crimes.

Since retiring, he’s been operating his own private investigative agency, Simon Worldwide Investigations, focusing on embezzlement and fraud investigations, security consulting for corporate clients, sensitive personal matters and expert witness testimony. You can checkout his short, clever, and very informative videos about the FBI on his website and social media.

Special Agent (Retired)

Tom Simon

8/1995 – 5/2021





“Unfortunately, she neglected to tell her investors that her silent partner was not in fact Jesus, but a man sitting in federal prison running a fraud scheme.”—Retired Agent Tom Simon


The following are press releases and news articles related to Perry and Rochelle Griggs and their prison Ponzi scheme:

FBI Press Release – 10/28/2010: FBI Seeks Public’s Assistance in Manhunt for Fugitive Couple

FBI Press Release – 12/16/2010: FBI Captures Fugitive Couple in Arizona

Maui news – 12/16/2010: Manhunt Leads to Capture of Fugitive Couple

Maui News – 7/18/2011: Victims who lost homes, savings in Ponzi scheme speak out at con man’s sentencing

Listen to more FBI Retired Case File Review episodes about Ponzi schemes here.

Perry and Rochelle Griggs
Perry and Rochelle Griggs
FBI billboard campaign to capture fugitives Perry and Rochelle Griggs.
FBI wanted billboard. .

Jerri Williams

View posts by Jerri Williams
Jerri Williams, a retired FBI agent, author and podcaster, jokes that she writes about the FBI to relive her glory days. After 26 years with the Bureau specializing in major economic fraud and corruption investigations, she calls on her professional encounters with scams and schemers to write police procedurals inspired by true crime FBI cases in her Philadelphia FBI Corruption Squad crime fiction series featuring flawed female FBI agent Kari Wheeler. Jerri’s FBI for Armchair Detectives nonfiction series enables readers to discover who the FBI is and what the FBI does by debunking misconceptions about the FBI in books, TV, and movies. Her books are available as ebooks, paperbacks, and audiobooks wherever books are sold. She’s also the host of FBI Retired Case File Review, a true crime podcast with more than 250 episodes available for free on all popular podcast apps.


  1. Lisa BlackMay 3, 2023

    I absolutely loved this episode!! Tom Simon is a hoot!

    1. Jerri WilliamsMay 3, 2023

      He certainly is. I’m sure he’ll be back soon to review another one of his cases.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Scroll to top
Malcare WordPress Security