Eastern North Carolina investment advisor pleads guilty to wire fraud and money laundering, faces up to 30 years in prison – The Coastland Times

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Eastern North Carolina investment advisor pleads guilty to wire fraud and money laundering, faces up to 30 years in prison

Published 1:55 pm Monday, October 3, 2022

Shawn Edward Good, of Wilmington, pleaded guilty on September 15, 2022 for his role in a $7 million dollar investment fraud scheme, according to a press release from the U.S. Department of Justice, Eastern District of North Carolina.

Good pleaded guilty to wire fraud and money laundering and faces up to 360 months in prison.

“We are cracking down on fraudsters who scam unwitting investors,” said U.S. Attorney for the Eastern District of North Carolina Michael Easley. “This investment advisor breached the trust of at least a dozen clients, taking over $7 million – money he promised would go to low-risk investments – and used it to line his pockets, buying real estate, luxury…

Read full article at www.thecoastlandtimes.com