Federal officials have made an arrest in connection with a large-scale Ponzi scheme. The details of the arrest and the scheme are not yet publicly available.

Further information is expected to be released during a news conference scheduled for Monday afternoon. The news conference will be streamed live by Channel 2 Action News.

At this time, few details are known about the arrest or the Ponzi scheme. For more information, viewers can tune in to the live stream of the news conference, where federal officials will provide additional details about the case.