Man Pleads Guilt in a $20M Fraud Scheme
6 November 2010 | posted by: Grace Taylor | No Comment

A man from Ohio, Northeast has pleaded guilty in a $20million investment fraud scheme.
Kelvin Harris, 45, from Warren on Wednesday pleaded guilty in Youngstown federal Court to conspiracy to commit wire fraud, and money laundering. If convicted he will be sentence to eight years in prison.

Around $3million worth of investment in real estate in the Middle East could be recovered from Harris according to attorney Harry Wise who represents more than 100 victims.

Money Fraud: Man Pleads Guilty

Harris offered investors big profits on foreign currency exchanges according to authorities. On the contrary, authorities claim he spent the money from new investors to pay earlier ones and invested little.

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