Details of the arrest and subsequent court proceedings are as follows:
* Arrest and Charges:
- On September 16, 2015, Danny Holiday (real name: Daniel Ryan Woodhead) was arrested in Los Angeles on federal fraud and money laundering charges.
- He was accused of running a Ponzi scheme that defrauded investors of millions of dollars.
* Scheme Details:
- Holiday allegedly operated two companies, Hollywood Investment Group and Universal Media Finance, through which he solicited investments promising high returns.
- Prosecutors claimed that Holiday used funds from new investors to pay off earlier ones, classic characteristics of a Ponzi scheme.
* Indictment and Court Proceedings:
- On September 22, 2015, Holiday was indicted on 17 federal counts, including wire fraud, money laundering, and conspiracy.
- He pleaded not guilty to the charges and was released on bond.
* Plea Deal and Sentencing:
- In September 2016, Holiday entered a plea agreement with prosecutors.
- He pleaded guilty to five counts, including wire fraud and conspiracy to commit money laundering.
- In July 2018, Holiday was sentenced to 15 years and 8 months in prison.
- He was also ordered to pay restitution to victims of his scheme.
Following the arrest and subsequent legal proceedings, Danny Holiday's career as a DJ came to an end, and he began serving his prison sentence.