Charlotte Man Wynn Charlebois Admits to $5.3M Investment Fraud

A Charlotte man, Wynn A.D. Charlebois, has pleaded guilty to wire fraud after scheming investors out of over $5.3 million through an investment scheme. Charlebois used various companies he owned to deceive investors, promising risk-free investments, subscription agreements, and loans. Instead, he used the funds for personal expenses and to make Ponzi-style payments to other investors. Charlebois faces a maximum penalty of 20 years in prison and a $500,000 fine.