Roger Harvey Wagner and Rodney Lee Wagner, Conspiracy to Commit Wire Fraud, Texas 2016

Dallas twin brothers Roger Harvey Wagner and Rodney Lee Wagner

Dallas County twin brothers, Roger Harvey Wagner and Rodney Lee Wagner, have been sentenced to federal prison for their role in a foreign currency trading scheme that bilked investors out of over $2.1 million. The twin brothers, aged 52, each pleaded guilty to conspiracy to commit wire fraud on July 7, 2016.

According to court documents, the Wagner brothers perpetrated a Ponzi scheme that promised investors a fixed rate of return on their principal investment in foreign currency trading. However, very little of the invested money was used for foreign currency trading, and prosecutors contended that the money received from the latest investors was used to repay earlier investors to keep them lured in.

“These scams, unfortunately, are in our midst,” said Acting U.S. Attorney Brit Featherston. “I encourage all potential investors to fully investigate any investment opportunity before handing over hard-earned money. If a deal sounds too good to be true, as the saying goes…it usually is! These two individuals may not wear a mask over their face and may not carry a gun, but they are as much a thief as those that do, and they deserve the just punishment handed down by the court.”

Roger Harvey Wagner, of Grand Prairie, Texas, and Rodney Lee Wagner, of Cedar Hill, Texas, were each sentenced to 48 months in federal prison on March 8, 2017, by U.S. District Judge Amos Mazzant. The twins were also ordered to pay restitution in the amount of $1,895,318.62.

The case was investigated by the Texas State Securities Board and the Federal Bureau of Investigation and was prosecuted by Assistant U.S. Attorneys Andy Williams and Tom Gibson.

This is a stark reminder that even those who appear to be innocent, respectable individuals can be hiding a dark secret behind a façade of normalcy. The Grimy Times urges all readers to remain vigilant and to report any suspicious activity to the authorities.

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