Last year news broke that Michael Winans, Jr. could possibly face up to 20 years in prison for wire fraud after being accused of running a ponzi scheme. Winans, a member of the famous gospel family, plead guilty to the charge and was sentenced to nearly 14 years in prison this past February. Now, he finally breaks his silence by sharing his side of the story, claiming his innocence. Check out the video below to hear what he has to say.
According to reports, Winans cheated people out of more than $8 million dollars by using a ponzi scheme. He allegedly got the victims, which is said to be over 1,000 people, to invest in Saudi Arabian oil bonds. However, feds say that his oil bonds and investments were all fake, therefore allowing Winans to pocket the money. Winans’ attorney claims that his client intends to pay the victims back all of their money.
Wayne County Prosecutor Kym Worthy, who was involved in the investigation, said, “Winans has allegedly fleeced many innocent people and betrayed their trust. This is a significant step in bringing justice to his many victims.”
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Dean
May 7, 2013 at 1:42 PM
I’m praying for you! You don’t have to explain anything to us. If you are truly innocent; I pray that you are released and can restore your name.
Loretta
June 2, 2013 at 8:17 PM
Micheal only share what you want want. Listen own your part, give the rest to God and he can turn things around. Keeping you in are prayers.