Defrauded Investors get brief Sunlight with Sentencing
Journalman 2009-09-17 15:56:10
Folsom- A 45 year old Folsom man receives 20 years with a three year supervised release and a 12 million dollar bill for defrauding Investors of more than 13 million dollars. The convicted Stefan Wilson conned retirees out of life savings and even some family owned land. 100,000 dollars was the buy in, Mr. Wilson must have been a great salesman with a great pitch. Wilson’s con was simple he just explained the rate of return was at 18- 24 percent on top of their investment for a Christians in Crisis. Sources from the (Sacramento Bee) stated” Wilson placed 6.5 million into brokerage accounts to buy and sell stock all the rest of the money goes to his personal pleasures. Wilson has broken law after law with his actions and unfortunately people were hurt in the midst of this process, he has tried name changes to pull his scheme in other places so that individuals would not connect him to 2002 fraud conviction or 2005 bankruptcies. Wilson a former youth minister it makes you wonders why so many sick people come out the church, the church is supposed to be holy not sanctioned by darkness. If he truly was a man of the church he wouldn’t even present those thoughts.
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