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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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.
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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.
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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