Tag Archives: ponzi-scheme

Michael Winans Sentenced to Prison for Ponzi Scheme

Michael Winans Jr., a member of a famous family of gospel musicians, has been sentenced for his role in a Ponzi Scheme that defrauded investors of over $8 million. He will spend 13 years and nine months behind bars. Prior to sentencing the singer, a U.S. District Court Judge came down on him for robbing “good, decent, church-going people.” Winans has said there was “no malicious intent on [his] part” and that he just “wanted people to have a good life,” though the 1,200 individual fiscally injured in his hoax may disagree with that assessment. The artist is the son of Michael Winans Sr. and older brother Benjamin “Bebe” Winans and Priscilla “Cece” Winans. He has also been ordered to $4.8 million in restitution to his victims.

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Michael Winans Sentenced to Prison for Ponzi Scheme

Zappolo mixes light touch with good questions in interview with Coffman on SS and flat tax

http://www.youtube.com/v/PDig6pa1tm8

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In late September, on KNUS’ Kelley and Company, Rep. Mike Coffman said Social Security was “obviously” a ponzi scheme . Kelley let it fly by, but I thought this should have been picked up by journalists, since it came from Coffman, especially given that Rick Perry, who was surging at the time, had just called Social Security a ponzi scheme. After I posted it on my blog, Coffman’s comment was reported… Broadcasting platform : YouTube Source : ColoradoPols.com – Front Page Discovery Date : 08/12/2011 14:26 Number of articles : 2

Zappolo mixes light touch with good questions in interview with Coffman on SS and flat tax