cash_pile_web.jpgENGLEWOOD, Fla. (AP) _ The lawyer for a 76-year-old Florida Panhandle man facing federal charges denies his client ran a Ponzi scheme that allegedly generated $110 million.

Charles Murray on Friday said Thomas A. Bowdoin Jr. welcomes the chance to show in court that his online advertising business was not a Ponzi operation that allegedly bilked people around the world.

Bowdoin was arrested Wednesday at a rented home in the southwest Florida community of Englewood after a grand jury indictment was unsealed in Washington, D.C.

He's facing five counts of wire fraud and one each of securities fraud and unlawful sale of unregistered securities.

His company was based in Quincy west of Tallahassee.