Jamaican banker to plead guilty in $220M scheme that affected thousands
March 29, 2011
Total Loss:
$220 Million
A Jamaican banker accused of bilking thousands of investors out of more than $220 million is slated to plead guilty to nearly two-dozen charges in Orlando federal court today.
David A. Smith already signed a plea agreement admitting guilt to four counts of wire fraud, a count of conspiracy to commit money laundering, and 18 counts of money laundering. He is scheduled to formally enter he plea before a judge at 10 a.m.
Source:
Orlando Sentinel
Posted in:
ACH and Wire Fraud