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Flipping houses is always a gamble, but it's not typically as bad a bet as authorities say it was for investors who trusted Benjamin Myung Sik Rose . The 35-year-old Colorado Springs man stole more than $450,000 from multiple people through a Ponzi scheme from August 2016 through April 2017, according to an arrest warrant. He pretended to be a licensed contractor who fixed up and resold houses, but instead gambled away the money he took from investors, police say. He was not a contractor, did not buy houses and used altered bank statements , emails from banks and property deeds as part of his scheme, the affidavit says. To keep the victims investing, he provided initial returns using other investors' money, investigators said. Rose turned himself in Aug. 17 after police obtained a warrant for his arrest on suspicion of forgery and multiple counts of theft, all felonies. He previously was arrested Jan. 2 on suspicion of defrauding his in-laws, John and Johanna Moe, out of ...

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