A 49-year-old man was arrested and remains under investigation for allegations he conned elderly women out of more than $600,000, reportedly deceiving three into investing into nonexistent companies he claimed to operate and using the ill-gotten gains to purchase expensive motorcycles.

U Hyon Yi is alleged to have first taken a now-deceased Kirkland woman for more than $380,000 from 2007 to 2011, deceiving her into investing in companies he claimed to either own or was going to start, according to court documents. Two friends of the deceased Kirkland woman reported being introduced by her to Yi, eventually investing another $249,000 collectively.

A 70-year-old Bellevue woman told police she met Yi in 2010, and agreed to invest $130,000 into one of his businesses, with the promise of a healthy return she never received. Police reportedly collected several IOUs from the victims provided by Yi, documents state. A 93-year-old former Sequim woman reported she loaned Yi more than $100,000 to pay his employees. A fourth woman lost a $1,000 deposit she’d made to Yi for construction work she’d requested and then cancelled.

Several state agencies were contacted by police, reporting Yi has never owned nor operated a business in Washington. Yi was also found to have reported no wages earned from 2008 to the end of 2012, but during that time purchased several motorcycles that have now been sold, according to court documents.

Yi was arrested in February on multiple counts of first-degree theft. Bellevue Police are continuing to collect evidence, including the financial records of his alleged victims, according to an affidavit for search warrant filed in mid-December.