Winston-Salem Journal recently featured an article that described the sentencing of two Charlotte
men who were allegedly engaged in separate
Ponzi schemes. Mitchell Brian Huffman and Robert S. Moss, who both pleaded guilty in
September 2011, were both recently sentenced for their separate charges of fraud.
Although the two alleged schemes are reportedly unrelated, both Charlotte
men were accused of luring investors in with promises of big returns trading
in the commodities futures market:
- According to court documents, Huffman was accused of lying to investors
about the kinds of returns his trading program was generating each year
and claiming that he was seeing returns of up to 150 percent. Investors
reportedly handed over $2.5 million in the alleged Ponzi scheme. He was
sentenced to 60 months in prison and three years of supervised release,
and he must pay an undetermined amount in restitution.
Moss was accused of luring investors into a Ponzi scheme by falsely claiming
high returns on options trading, and he allegedly took in about $3.1 million from investors.Moss
pleaded guilty to a charge commodities fraud and was sentenced to 57 months
in prison and three years of supervised release. He has also been ordered
to pay $1.46 million in restitution.
If you believe you have become the victim of commodities fraud or a Ponzi
scheme, don’t wait until it’s too late to get help. Reach
out to an experienced Ponzi scheme attorney with Meyer Wilson.