A Las Vegas resident named Michael A. Loizias, 43, was arrested for an extortion scheme targeting Steve Wynn, the billionaire founder of Wynn Resorts. According to Palm Beach County court records and police reports, the harassment began in October 2023 when Loizias started sending threatening emails demanding $1 million purportedly to cover unpaid taxes linked to stock sales. These communications included personal documents such as driver’s licenses and bank statements sent directly to Wynn. The threats escalated with physical mail in early 2026, where Wynn received packages addressed from Loizias claiming to be a relative and threatening visits if the demanded funds were not wired to his bank account. The incident also involved correspondence regarding potential IRS contact unless payment was made. A Palm Beach County judge issued a bench warrant for Loizias on May 14 following his absence from scheduled court dates, despite an earlier not guilty plea entered on March 12 and initial release on February 18 after posting a $40,000 bond. Loizias was apprehended by police during an undercover operation on February 9, after detectives contacted him posing as bank representatives in an effort to secure his surrender at a wealth management office in Palm Beach. He is described as a white male, 5 feet 9 inches tall, weighing approximately 250 pounds with brown hair and hazel eyes. The case has been reported to the Las Vegas Metropolitan Police Department in addition to local authorities. While Wynn Resorts did not issue a specific comment at the time of reporting, the arrest concludes a prolonged investigation into unauthorized demands for large sums from the company founder. The extortion charges stem from the pattern of communications spanning over two years and involve both digital and physical intimidation tactics aimed at extracting funds under false pretenses related to tax liabilities and stock transactions.