The former son-in-law of comedian and singer Carol Burnett is in a Los Angeles jail for running an alleged Ponzi scheme, RadarOnline.com can exclusively reveal.

Anthony "Trae" Carlson was arrested on October 21 and has been charged with 40 fraud-related felonies with bail set at a whopping $2.5 million.

The suspected con man is currently being held at the Twin Towers Correctional Facility in downtown Los Angeles, according to the Sheriff's Department records.