Vance White, Wire Fraud, South Carolina 2015

Criminals in the financial world never cease to amaze us with their audacity. The latest case of a perpetrator who has been brought to justice is that of Vance White, a 49-year-old man from Charleston, South Carolina.

According to a recent sentencing hearing, White was found guilty of Wire Fraud, a violation of 18 U.S.C. § 1343. Senior United States District Judge Weston Houck sentenced White to 36 months imprisonment and 3 years supervised release. The Court also ordered White to pay $629,000 in restitution to the victims.

The scheme devised by White was quite intricate. From May 2010 through March 2015, he presented himself as a mortgage originator in Charleston County, S.C. During this time, White convinced numerous investors to loan money to clients who were allegedly attempting to purchase residential properties but could not qualify for traditional bank loans.

The terms of these fictitious loans were a ten percent annual interest rate with the loans being repaid in full in three years. White fabricated the loan documentation for each loan to make it appear that the loans were secured by residential properties with sufficient equity. In reality, the loans were completely fictitious, and White stole the loan proceeds for his personal use.

As a result of his scheme, White fraudulently obtained more than $800,000 from ten investors for approximately twenty fictitious loans. The case was investigated by agents of the Federal Bureau of Investigation (FBI), and Assistant United States Attorney Rhett DeHart prosecuted the case.

The sentencing hearing took place in Columbia, South Carolina, on an unspecified date. White’s sentence sends a clear message that those who engage in such nefarious activities will face severe consequences. The people of South Carolina can rest assured that the justice system is working to protect them from such crimes.

Vance White’s case is a stark reminder of the importance of due diligence when investing in any financial scheme. The public is cautioned to be vigilant and to thoroughly research any investment opportunity before committing to it.

The court’s decision to order White to pay $629,000 in restitution to the victims is a significant step towards providing justice for those who were affected by his actions. It is hoped that this case will serve as a deterrent to others who may be considering similar schemes.

The Grimy Times will continue to monitor this case and provide updates as more information becomes available.

Defendant: Vance White

Criminal Charges: Wire Fraud, a violation of 18 U.S.C. § 1343

City and State: Charleston, South Carolina

Exact Date: N/A

Sentence or Outcome: 36 months imprisonment and 3 years supervised release, ordered to pay $629,000 in restitution

Dollar Amounts: $629,000 in restitution, $800,000 fraudulently obtained

MORE FEDERAL CRIME NEWS

White Collar Crime

Victor Manuel Amaya, Employment Tax Fraud, Florida 2007

Nov 3, 2010

White Collar Crime

Samuel Thomas Lanier, Major Fraud Against the United States, California 2023

May 15, 2019

White Collar Crime

Kenneth Thom, Investment Fraud Scheme, New York 2024

Aug 21, 2025

White Collar Crime

Western Glove Manufa, Wire Fraud, California 1997

Jan 15, 1997