A suspected multi-million dollar Ponzi scheme here in Central Illinois - it's a story we first broke Wednesday and it's having a major impact on local families.

Bill Huber is being sued by investors here in Central Illinois who accuse him of stealing millions of dollars, but after contacting federal agencies like the FBI and the Department of Justice, it's still unclear whether Huber's even been arrested.

60-year-old Bill Huber is accused of telling investors he successfully managed more than $40 million, but according to court records, he actually managed just $3 million. Now his Forsyth-based company Hubadex is shut down, and so is the company's website. The SEC says Huber collected $16.7 million since January 2006,  but he lost the money on bad investments, spent it on his fancy lifestyle, and used it to pay other investors. The SEC wants Huber to pay investors back with any money that's left.

On the condition of anonymity, we talked with investors in Decatur who say Huber stole their money, and now they're in shock. We contacted the U.S. Attorney's Office to see if Huber's been arrested and we're told nothing can be confirmed or denied. So again - it's still unclear where Huber is. He could be at one of his homes in Florida or California.

Bill Huber, his wife, Ruthann, and their two children are listed as shareholders of Hubadex.