May 28, 2025
The Fourth Circuit stood by a lower court's decision to imprison a North Carolina man for 63 months after he pled guilty to wire fraud and "use of manipulative and deceptive devices," concluding that the sentence is not unreasonable and was ordered after proper consideration of the public interest.
July 28, 2023
A North Carolina man accused of running a $9.3 million Ponzi scheme will have to repay his ill-gotten gains and leave the stock business to resolve a complaint by the U.S. Securities and Exchange Commission, according to a Thursday filing in federal court.
July 12, 2023
A North Carolina man is running a $9.3 million Ponzi scheme, admitted to it in a phone conversation and tried to pay his lawyer with his ill-gotten gains, according to a civil fraud lawsuit filed Wednesday by a federal agency.