Charles D. Jones, 61-year-old owner of Charles D. Jones Capital Management, Inc. (CDJCM), has been sentenced to six years in federal prison for his role in a Ponzi scheme.
Jones was ordered to pay $9,329,850.36 in restitution for his crimes, which included stealing money and property from his victim clients and using the stolen proceeds for his own personal benefit.
According to court records, CDJCM provided fee-only personalized financial planning and investment management for individuals, trusts, foundations, and retirement plans. From 2005 to 2012, Jones stole money and property from his victim clients.
To further perpetuate his Ponzi scheme, Jones created false account statements and mailed or e-mailed them to his victim clients. He also caused fraudulent tax returns to be filed in order to cover up his theft.
This investigation was conducted by the United States Secret Service and the Texas Department of Public Safety Special Crimes Unit. Assistant United States Attorney Greg Gloff prosecuted this case on behalf of the Government.
Jones pleaded guilty to one count of wire fraud on February 19, 2015.
This case serves as a reminder of the importance of vigilance in protecting investors and the consequences of engaging in such fraudulent activities.
Related Federal Cases
- Anthony Glen Jones, Mortgage Fraud Scheme, Texas 2007 · Texas
- Matthew Taylor Morones, Bank Fraud Scheme, Texas 2007 · Louisiana
- Anna Ramirez-Ambriz, Medicaid Defraud Scheme, Texas 2017 · Texas
- Charles Williams, Wire Fraud and Money Laundering, Texas 2018 · Colorado
- Michael Anthony Munson, Embezzlement, Texas 2022 · North Carolina
Key Facts
- State: Texas
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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