Federal prosecutors have charged Sang Phuoc Do Le, also known as Andy Le, of Oceanside with multiple counts of wire and mail fraud in connection with an alleged investment scheme that authorities say funded his gambling activities and luxury car purchases.
According to court documents, Le claimed to operate two businesses—MobileSky and MobileSky2—that bought Apple iPhones in bulk for resale overseas. Prosecutors allege these companies did not conduct such business and that Le used the business name, which belonged to someone he knew in Northern California, to further his scheme.
Le was arrested on July 23, 2025, after returning from a casino trip in Arizona. The indictment describes a Ponzi-like operation where some investors received small returns sourced from the investments of others while many never saw their promised profits or even their original investments returned.
The indictment states that Le convinced victims to invest by making false claims about having an Apple Reseller Agreement and substantial purchase orders for iPhones destined for foreign markets such as China. He allegedly provided falsified receipts purportedly from Apple and told investors there was an outstanding purchase order worth more than $1 million.
Instead of using investor funds for legitimate business purposes, prosecutors contend that Le spent the money on gambling at casinos across several states—including California, Arizona, Nevada, and Florida—and on luxury vehicles. Casino records reportedly show large cash deposits by Le as well as instances where investors wired funds directly to casinos at his request. Witness statements and business records indicate that he withdrew hundreds of thousands of dollars in cash and transferred nearly $400,000 to car dealerships like West Coast Exotic Cars and Fusion Luxury Motors. Among the vehicles purchased was a green Lamborghini.
Le is accused of making excuses when pressed by investors about delayed payments while continuing to solicit new participants with promises of fixed monthly returns up to 17 percent. Some potential investors were taken out for expensive dinners or complimentary trips to Las Vegas; witnessing his spending habits apparently encouraged them to invest.
At his arraignment before U.S. Magistrate Judge Jill Burkhardt on August 7, 2025, Le pleaded not guilty to all charges. He remains detained without bail pending further proceedings scheduled for September 19 before U.S. District Judge Dana M. Sabraw.
Assistant U.S. Attorneys Joseph Orabona and Ashley Goff are prosecuting the case with the Federal Bureau of Investigation leading the investigation.
Authorities remind the public that charges contained in indictments are accusations only; defendants are presumed innocent unless proven guilty in court.
Anyone who may have information related to this case is encouraged to contact the FBI’s San Diego Field Office at (858) 320-1800 or submit tips online via https://tips.fbi.gov/.
