National

Michael Winans Jr., who was convicted in February for running Ponzi Scheme that left dozens of his victims in financial ruin, is now asking the…

National

Pop/gospel singer Michael Winans, Jr. was sentenced to 13 years in prison for running an $8 million Ponzi scheme, The Detroit Free Press reports. He was also ordered to pay his victims — some 1,200 investors — $4.8 million in restitution. Winans, who is a member of the renowned Winans family gospel music dynasty, pleaded guilty to defrauding investors […]

National

The Detroit Free Press is reporting that hundreds of investors in the Detroit area and elsewhere in Michigan lost as much as $11 million to a Ponzi scheme involving a Saudi Arabian crude oil bond scam connected to Michael Winans Jr., according to state regulators. The Office of Financial and Insurance Regulation said that it […]