Micah Christopher Wilson of Gastonia, North Carolina was accused last week of defrauding investors out of hundreds of thousands of dollars. Law enforcement agents with the North Carolina Secretary of State’s Securities Division charged Wilson two counts of felony securities fraud and two counts of obtaining property by false pretenses.
Authorities believe Wilson conned several victims in Gaston and nearby counties, persuading them to invest money with him and his company, Creative Financial Concepts, Inc. Allegedly, Wilson told investors they would earn at minimum eight percent interest on their principal in an unspecified investment. Wilson, however, spent the money on himself and used it to pay other investors. Additionally, he failed to notify investors that he was not registered to sell securities.
Wilson is being held at the Gaston County Jail under a $1 million bond.
Secretary of State Elaine F. Marshall stated, “This is an ongoing investigation. We strongly urge anyone who believes they may be a victim of Mr. Wilson or Creative Financial Concepts to contact the Secretary of State’s Securities Division at 1-800-688-4507.”
If you or someone you know has lost money as a result of an investment or Ponzi scheme, please contact Richard Frankowski at 888-741-7503 to discuss your potential legal remedies or complete the contact form.