A former Raleigh trader accused of defrauding more than 400 victims in a Ponzi scheme has been sentenced to up 13 years in prison – putting an end to a multiyear investigation. Michael Anthony Jenkins pled guilty to three counts of felony securities fraud and one count of felony obtaining property by false pretenses defrauded victims out of an estimated $1.79 million from January 2011 to 2012, according to court documents. The documents revealed that most victims resided in Raleigh, meeting with…
BING NEWS:
- ‘Crypto Con Man’: Imprisoned Instagrifter Turns Rat, Still Gets 7 Years For $8M Fraud Scheme
: Imprisoned Instagram influencer “Jay Mazini” apparently thought that rolling on his partners in crime could mitigate the damage of a conviction for scamming investors out of at least $8 million.
04/26/2024 - 12:27 am | View Link - Man sentenced to prison for youth sports Ponzi scheme forfeits designer clothes
The government took the man's Louis Vuitton bag, Jimmy Choo shoes, Dolce & Gabanna earrings and more, according to records.
04/19/2024 - 3:17 am | View Link - Watertown man sentenced for elaborate Ponzi scheme selling ‘youth sports ventures’ in Africa
A disgraced former soccer player will serve 27 months in prison for defrauding friends, family and other investors who believed they were financing youth sports ventures in Africa.
04/13/2024 - 4:38 pm | View Link - Mass. man who oversaw African sports Ponzi scheme goes to prison
While the Watertown man said funds would go to a youth sports venture in Africa, some money ended up paying for luxury items bought for himself.
04/12/2024 - 4:20 am | View Link - Watertown man sentenced to more than two years in federal prison for African sports ponzi scheme
Adrian Kawuba, 34, was also sentenced to three years of supervised release and ordered to pay restitution of more than $625,000, federal prosecutors said Thursday.
04/11/2024 - 3:17 pm | View Link - More
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