Grimy Times has learned that Winston Wade Turner, a 48-year-old man from Jefferson, Georgia, has been charged with mail and wire fraud after allegedly bilking his former brokerage firm clients with a biofuel scheme.
According to a federal indictment, Turner represented to investors that he was a broker for ‘North American Bio Fuel,’ a purported biofuel producer based in Bradenton, Florida. He encouraged his victims, former clients from his previous employment at Metlife Securities, Inc. and Prudential, to invest funds in North American Bio Fuel.
The indictment alleges that Turner caused, and attempted to cause, wire transfers in the hundreds of thousands of dollars from victims for investment into this company and that Turner used investor funds for personal and other corporate purposes.
The case is being investigated by the FBI, with assistance from the Hall County Fire Services.
Assistant U.S. Attorney Brian Pearce is prosecuting the case.
Members of the public are reminded that the indictment only contains an allegation of criminal conduct. Turner is presumed innocent of the charge and it will be the government’s burden to prove the defendant’s guilt beyond a reasonable doubt at trial.
The indictment was made public on April 26, 2018.
For further information, please contact the U.S. Attorney’s Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6016. The Internet address for the U.S. Attorney’s Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga.
Key Facts
- State: Georgia
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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