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Forums > Music: Non-Prince > Winans family member accused of Ponzi scheme
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Thread started 03/05/10 5:54am

Graycap23

Winans family member accused of Ponzi scheme

Interesting:

DETROIT — Michigan regulators said Thursday that a member of the Winans gospel-music family led a fraudulent, multimillion-dollar investment program by promoting bogus Saudi Arabia oil bonds.

.The Office of Financial and Insurance Regulation issued a cease-and-desist order, although Commissioner Ken Ross said the alleged scheme probably stopped at the end of 2008.

Ross said Michael Winans Jr. told investors they could double their money in 60 days. Detroit police identified and interviewed at least 180 investors, but state regulators say the actual number is higher.

http://www.accessatlanta....id=thbz_hm
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Reply #1 posted 03/05/10 6:00am

SoulAlive

hmmm I've always had a weird feeling about the Winans family.They seem to have some skeletons in their closets,lol.
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Reply #2 posted 03/05/10 6:39am

ernestsewell

SoulAlive said:

hmmm I've always had a weird feeling about the Winans family.They seem to have some skeletons in their closets,lol.

And nobody else does, right?
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Reply #3 posted 03/05/10 1:29pm

Timmy84

SoulAlive said:

hmmm I've always had a weird feeling about the Winans family.They seem to have some skeletons in their closets,lol.


Lots of musical (and non-musical) families do. The Winans ain't no different.
[Edited 3/5/10 13:29pm]
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Reply #4 posted 03/05/10 5:09pm

dreamfactory31
3

Dayum. confused
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Reply #5 posted 03/05/10 9:22pm

LiquidGold

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The Lord works in mysterious ways...with your money
Under certain circumstances, urgent circumstances, desperate circumstances, profanity provides a relief denied even to prayer.
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Forums > Music: Non-Prince > Winans family member accused of Ponzi scheme