March 12, 2015-North Carolina
The North Carolina Securities Division of the Department of the Secretary of State announced that Micah Christopher Wilson, 59, of Gastonia was charged with felony securities fraud for defrauding victims out of hundreds of thousands of dollars.
Investigators allege that Wilson guaranteed victims that they would earn at least 8% interest in an investment sold through his company Creative Financial Concepts, Inc. Instead Wilson converted the funds to personal use and used them to pay out to earlier investors in a Ponzi scheme.
Wilson was placed into custody in Gaston County Jail under a $1 million bond. Victims are urged to contact the Secretary of State’s Securities Fraud Division at 800-688-4507.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
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