A Yuma, Arizona man is in jail after being arrested on a variety of charges related to a fraud scheme.

Andres Fernandez, 29, of Yuma, was booked into Yuma County Detention Center after being taken into custody Thursday. The arrest follows an investigation by the Yuma County Sheriff's Office, Yuma County Narcotics Task Force and Homeland Security Investigations. Fernandez is accused of defrauding a victim out of approximately $775,000 in cash and crypto currency for a false business start-up. Fernendez is alleged to have used the funds to purchase luxury items to include an exotic car, as well as travel expenses. Fernandez is charged with Fraudulent Schemes, Theft and Money Laundering.