Eastern North Carolina investment advisor pleads guilty to wire fraud and money laundering, faces up to 30 years in prison
Published 1:55 pm Monday, October 3, 2022
Shawn Edward Good, of Wilmington, pleaded guilty on September 15, 2022 for his role in a $7 million dollar investment fraud scheme, according to a press release from the U.S. Department of Justice, Eastern District of North Carolina.
Good pleaded guilty to wire fraud and money laundering and faces up to 360 months in prison.
“We are cracking down on fraudsters who scam unwitting investors,” said U.S. Attorney for the Eastern District of North Carolina Michael Easley. “This investment advisor breached the trust of at least a dozen clients, taking over $7 million – money he promised would go to low-risk investments – and used it to line his pockets, buying real estate, luxury cars, and vacations. This decade-long scam has finally come to an end.”
“High yield investment fraud schemes are designed to appeal to people’s hope that ‘you can get something for nothing,’ often resulting in the total loss of the investment,” said Donald “Trey” Eakins, IRS Criminal Investigation special agent in charge of the Charlotte field office. “Be assured that IRS Criminal Investigation, together with our partners at North Carolina State Bureau of Investigation (SBI) and the…
