Radio talk show host accused of identity theft, bank fraud

A real estate investment guru who hosted a radio talk show and investing seminars was arrested in Dallas on fraud and identity theft charges, the FBI said.

Clifford Wayne Robertson, 43, of Murphy, Texas, was taken into custody Friday in Dallas by the FBI. He is accused of bank fraud and aggravated identity theft for allegedly trying to obtain financing since 2007 using someone else's personal information.

Earlier this year, TV station WFAA in Dallas aired complaints from several people who claimed Robertson bilked them out of their life savings. They described a man who built up trust using an inflated resume and operating under a host of business names who got them to buy property sight unseen. What they didn't know was Robertson also ran the companies selling the properties in terrible condition at inflated prices.