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

Michael Winans, member of the famed Winans gospel singing family, has pleaded guilty to defrauding investors in an $8 million Ponzi scheme. The Michigan Office of Financial and Insurance Regulation issued a cease and desist order against Winans in 2010, saying he used his connections in Detroit churches to lure investors into the scheme. Money […]