A 45-year-old Oklahoma man was recently indicted for crimes that he allegedly committed from September 2009 to January 2011. The man is being charged with mail and wire fraud and money laundering.
According to reports, the man was part of a scheme that defrauded his cycling coach out of $40,000. The man gained his coach's permission to use his money for commodities trading, however, the man instead had the money laundered and sent to his family. The coach sent the man $111,000 over the course of a year and a half.
The man's case will be heard this summer. If convicted, he could face up to thirty years in prison and a fine of $1 million.
If you or someone you love has been charged with mail fraud, please contact the Appleton mail fraud attorneys of Kohler, Hart, & Priebe at 414-271-9595.