Associates say Ambrose preyed on well-heeled.
Ambrose was sentenced last month to more than six years in prison for two felony counts each of aggravated arson and passing bad checks.
While his application for an Ohio securities license claimed he attended both the University of Michigan and MIT, a court-ordered investigation showed Ambrose attended the University of Toledo as a student of industrial engineering. He was suspended for "academic reasons" with junior class standing after 4 1/2 years in school.
"He was a guy who had two sides to him. He was always nice, but then there were the lies," said Mike Borsos of Perrysburg, who grew up with, went to school with, and was a fraternity brother of Ambrose's at Sigma Phi Epsilon's UT chapter. "I think he thought what he was doing was harmless."
toledoblade.com
