Mike Winans Seeks Donations After Ponzi Scheme Conviction

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mike winans ponzi scheme

Michael Winans Jr., who was convicted in February for running Ponzi Scheme that left dozens of his victims in financial ruin, is now asking the public for donations to pay his legal team.

RELATED: Michael Winans Sentenced To 13 Years For Running Ponzi Scheme

Fox 2 News Detroit reporter Rob Wolchek reports he watched Winans admit in court to stealing millions of dollars from people. But, in a Vimeo video released four days ago, the gospel singer from the internationally celebrated Winans family said that “there are numerous stories out there that claim I stole millions of dollars from innocent people. That is not true.”

Federal prosecutors and a judge disagreed.

As NewsOne previously reported, Winans was sentenced to 13 years in prison after pleading guilty to defrauding more than 1200 investors. He was also ordered to pay $4.8 million in restitution to his victims. Many of his victims said the singer used his Christian faith and family name to take advantage of them.

In the newly released video, Winans claims, however, that he has returned 80 percent of the restitution money to his victims. Moreover, he says “Much of the money that was collected by others that was supposedly going to me never even came to me. I didn’t even get the money.”

Watch Mike Winans Ask The Public For Money To Fund Legal Defense:


His victims disagree. One of them referred to Winans as the “Silver Tongue Con-man,” according to the Detroit Free Press.

“We’ve experience turmoil,” Tina Hurt, one of his victims said, according to the Free Press. Calvin Jackson Jr., another victim, said there were “so many death threats to my life” from people who wanted their money back.

“I trusted him.”

Now, Winans wants you to trust him–with your money. Again.

And, oh yeah, Michael has a new sing for you: My side of the story. Listen to it below.

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Originally seen on http://newsone.com/

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