Updated: 11/25/2009 9:57 PM KSTP.com | 
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By: Becky Nahm
Metro Radio Host & Money Manager Accused of Fraud
A metro radio personality and money manager were accused of running a Ponzi scheme that allegedly defrauded 1,000 investors out of nearly $200 million.
Federal regulators froze the assets of Trevor Cook of Minneapolis and Burnsville radio show host Patrick Kiley.
According to a civil complaint filed by the Securities and Exchange Commission the men misused funds to develop a casino in Panama, buy several luxury cars and purchase a submarine.
The Commodity Futures Trading Commission is seeking restitution to any defrauded customers
