Home Scam/Fraud Wilmington Investment Advisor Pleads Guilty to Charges Related to $7 Million Scheme...

Wilmington Investment Advisor Pleads Guilty to Charges Related to $7 Million Scheme to Defraud Clients

14

RALEIGH, N.C. – Shawn Edward Good of Wilmington, pleaded guilty today for his role in a $7 million dollar investment fraud scheme. Good pleaded guilty to wire fraud and money laundering and faces up to 360 months in prison.

“We are cracking down on fraudsters who scam unwitting investors,” said U.S. Attorney Michael Easley.  “This investment advisor breached the trust of at least a dozen clients, taking over $7 million – money he promised would go to low-risk investments – and used it to line his pockets, buying real estate, luxury cars, and vacations.  This decade-long scam has finally come to an end.”   

“High yield investment fraud schemes are designed to appeal to people’s hope that ‘you can get something for nothing,’ often resulting in the total loss of the investment,” said Donald “Trey” Eakins, IRS Criminal Investigation Special Agent in Charge of the Charlotte field office. “Be…

Click here for full article: [source_domain