Related Federal Cases
- Tracey Hernandez, Tax Refund Scheme, Burlington NC, 2022 · Colorado
- No Defendant Name Found, Bank Fraud Scheme, USA, 2022 · Ohio
- Peak Capital Advisors, LLC Deregulation Scheme, New York NY, 2023 · New York
- Eliaz Maldonado Sentenced to 10 Years for Bribery Scheme, Del Rio T… · Alabama
- Raymond Leo Jarlik Bell, OID Fraud Scheme, USA, 2023 · Washington
Charlotte Man Indicted on Federal Charges in $44M Ponzi Scheme
CHARLOTTE, N.C. – A federal grand jury sitting in Charlotte returned the criminal indictment on Wednesday, December 18, 2013, charging Daniel H. Williford, 55, of Statesville, N.C. with one count of securities fraud, one count of wire fraud, and five counts of money laundering.
According to allegations contained in the indictment, from January 2007 through July 2013, Williford induced over 200 investors in Charlotte and elsewhere to invest over $44 million, by promising his victims their money would be invested in wireless internet equipment, internet towers, and other facilities and companies.
However, the indictment alleges, Williford used it to run a Ponzi-style scheme and to fund his personal lifestyle. During the course of the fraud, Williford invested only $7.7 million of the victims’ money as promised.
U.S. Attorney Tompkins is joined in making today’s announcement by John A. Strong, Special Agent in Charge of the Federal Bureau of Investigation (FBI). “For those fraudsters who have not gotten the message yet, I am committed to prosecuting financial crimes and going after those who take money from victims with fake promises. Let me make it simple: you rip people off, you get indicted,” said U.S. Attorney Tompkins.
The indictment also includes a forfeiture allegation seeking a money judgment in the amount of $44,000,000. If convicted, Williford faces a maximum of 20 years in prison each for the securities fraud and wire fraud counts, and a maximum of 10 years in prison for each of the money laundering counts.
The details contained in this indictment are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
The FBI investigated the case. The prosecution is being handled by Assistant U.S. Attorney Kurt Meyers of the Western District of North Carolina.
Key Facts
- State: North Carolina
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release ↗
ðŸâ€â€™ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News