A Palm Beach County man is being charged with grand theft after being accused of defrauding a woman out of $200,000.

The accused is also charged with organized scheme to defraud.

The accused is alleged to have put together a false investment opportunity whereby he deceived the alleged victim into giving him money. The alleged victim thought that she was investing the money.

Once investigators began to take a look at the investment scheme, it was determined that the investment scheme was false.

The accused is being held on $8,000 bond in the Palm Beach County Jail.

Eric Matheny is a Miami grand theft attorney and Broward grand theft attorney.