New charges for Charlotte man accused in multimillion-dollar Ponzi scheme

CHARLOTTE — A Charlotte man accused in a multimillion dollar Ponzi scheme had new charges tonight in the case against him.

A grand jury just indicted Wynn Charlebois on eight new charges, including wire fraud. He pleaded not guilty and wants a jury trial.

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Prosecutors said from 2015 up until October 2022, he defrauded at least 39 investors out of more than $5.3 million.

He is accused of using his companies to get funds from investors as loans, subscription agreements, co-investments, and participation investments, the court records show.

Investigators said the money wasn’t used as promised in the agreements made with investors. Authorities said Charlebois allegedly spent the money to make “Ponzi-style payments to other investors, and also used it on personal expenses such as private school tuition, travel, restaurants, and other personal purchases.”

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Charlotte man accused in multimillion-dollar Ponzi scheme pleads not guilty

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