{"id":6176,"date":"2017-07-21T12:24:41","date_gmt":"2017-07-21T17:24:41","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1680"},"modified":"2017-07-21T12:24:41","modified_gmt":"2017-07-21T17:24:41","slug":"ex-ny-man-fled-fugitive-vietnam-pleads-guilty-us-10m-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-ny-man-fled-fugitive-vietnam-pleads-guilty-us-10m-fraud\/","title":{"rendered":"Ex-NY Man Who Fled as a Fugitive to Vietnam Pleads Guilty in $10M Fraud"},"content":{"rendered":"

\t\t\t\tMichael Wilson has pleaded guilty to wire fraud<\/a>. The 30-year-old former New York businessman bilked investors of over $10M in just two years through fake investment companies. <\/p>\n

Wilson was indicted of 47 criminal counts, including money laundering, conspiracy, and wire fraud, in 2010. He was accused of trying to bilk investors between June 2008 and July 2010. Through the fraudulent investment companies, he persuaded other companies and individuals to invest in financial instruments that supposedly guaranteed returns and high-yield earnings. <\/p>\n

In court this week, Wilson admitted to targeting rich, sophisticated investors. Some of his clients invested up to $250K as part of their initial investments.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Michael Wilson has pleaded guilty to wire fraud. The 30-year-old former New York businessman bilked investors of over $10M in just two years through fake investment companies. Wilson was indicted of 47 criminal counts, including money laundering, conspiracy, and wire fraud, in 2010. He was accused of trying to bilk investors between June 2008 and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3748],"tags":[],"class_list":["post-6176","post","type-post","status-publish","format-standard","hentry","category-hedge-funds"],"yoast_head":"\nEx-NY Man Who Fled as a Fugitive to Vietnam Pleads Guilty in $10M Fraud — Investor Lawyers Blog — July 21, 2017<\/title>\n<meta name=\"description\" content=\"Michael Wilson has pleaded guilty to wire fraud. 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