BAY CITY (AP) — A 33-year-old Michigan man convicted of defrauding investors of millions of dollars in what prosecutors described as a Ponzi scheme is facing more prison time.
Attorney General Bill Schuette’s office says Joel Wilson of Saginaw was convicted last Thursday in a Saginaw County courtroom of charges including securities fraud.
Schuette’s office says the latest case is a result of Wilson spreading his financial crimes across multiple Michigan counties.
A lawyer for Wilson had said Wilson simply failed with his businesses and had no criminal intent.
Last year, Wilson was sentenced in Bay County to more than 8 years to 20 years in prison and ordered to pay $6.5 million.
He was the owner of The Diversified Group Advisory Fund LLC.
He was extradited from Germany in 2014 after being charged.
- Posted February 02, 2016
- Tweet This | Share on Facebook
Man convicted in Ponzi case faces more prison time
headlines Macomb
- Fall family fun
- MDHHS announces enhancements to improve substance use disorder treatment access
- Levin Center looks at congressional investigation of torture and mistreatment of war detainees
- State Unemployment Insurance Agency provides tips on how to stop criminals from stealing benefits
- Supreme Court leaves in place Alaska campaign disclosure rules voters approved in 2020
headlines National
- Professional success is not achieved through participation trophies
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- ‘Jailbreak: Love on the Run’ misses chance to examine staff sexual misconduct at detention centers
- Utah considers allowing law grads to choose apprenticeship rather than bar exam
- Can lawyers hold doctors accountable for wasting our time?
- Lawyer suspended after arguing cocaine enhanced his cognition
