An Oceanside man, Sang Phuoc Do Le, commonly known as "Andy Le," is facing charges in federal court for orchestrating an investment fraud scheme that diverted over $2 million intended for a profitable Apple reseller operation into his own pockets to fund a lifestyle defined by gambling sprees and luxury cars. As per the indictment, Le hoodwinked investors under the ruse of two businesses, MobileSky and MobileSky2, which were claimed to be dealing in bulk sales of Apple iPhones to foreign markets but in reality, the operation was nonexistent, with the "MobileSky" business name lifted from an acquaintance in Northern California to lend authenticity to his deceitful solicitations, according to a statement from the Department of Justice.
Le, who was arrested on July 23, after returning from a casino visit in Arizona, has been charged with five counts of wire and mail fraud following an indictment by a federal grand jury—and the Federal Bureau of Investigation provided the court with evidence of his frequent, high-stakes gambling activities in several states including California, Arizona, Nevada, and Florida; Le often used casino accounts to receive investor funds directly under a veil of legitimacy, then employed these sums at gambling tables instead of purchasing iPhones, as promised to his investors. The case, presented by Assistant U.S. Attorneys Joseph Orabona and Ashley Goff, detailed how Le provided investors with counterfeit receipts from Apple to create an illusion of genuine commercial ventures and assured continued investment by flaunting purported deals like an outstanding million-dollar Apple purchase order.
Despite the array of falsifications, investors were drawn into Le's scheme, some even witnessing his extravagant spending habits during complimentary trips to Las Vegas, a tactic that swayed them to place their financial trust in MobileSky, lured by the promised fixed-rate monthly returns as high as 17 percent. However, as detailed in the charging documents, Le repeatedly made excuses when it came to delivering on the interest promised; meanwhile, he continued to court new investors for his fraudulent program, taking some out for lavish dinners and promising lucrative returns.
In one particular instance, Le neglected to direct a wire transfer of $792,500 from investors towards purchasing iPhones and instead withdrew $300,000 in cash and funnelled about $398,000 to purchase luxury vehicles from West Coast Exotic Cars and Fusion Luxury Motors, including a green Lamborghini; this dip into the investment pool put a face on the opulence that he paraded before potential partners. Le pleaded not guilty to all charges during his arraignment, as reported by the Department of Justice, with U.S. Magistrate Judge Jill Burkhardt setting a motion hearing/trial date for September 19, 2025, and until the trial, Le remains detained without bail.
