Federal Government
Wake Forest Financial Advisor Pleads Guilty To Multi-Million Dollar Ponzi Scheme PDF Print E-mail
Federal Government
By Administrator   
Monday, 03 August 2020 10:45
A Wake Forest, NC man pleaded guilty today to wire fraud. Anthony Wayne March, 49 years old, operated the non-profit 501(c)(3) entity Asset Trader, located in Rolesville, NC, between 2012 to 2015.  March represented that Asset Trader offered educational services to professionals and taxpayers in the area of exit planning.  Asset Trader’s stated educational mission allowed it to obtain classification as a 28 U.S.C. § 501(c)(3) tax-exempt non-profit organization.   Asset Trader used its §501(c)(3) tax-exempt status to solicit tax-deductible donations in exchange for charitable gift annuities (“CGAs”) and to recruit referral sources to obtain assets from potential donors.  Through Asset Trader, March and his co-conspirators engaged in and executed what is commonly known as a “Ponzi” scheme to defraud investors by inducing them to invest with Asset Trader.
  
During the course of the scheme, March solicited at least 22 victims to invest over $8,100,000 in charitable gift annuities and other products offered by Asset Trader.  March and Asset Trader sold these securities to victims as retirement or exit planning vehicles classified as donations to March’s § 501(c)(3) tax-exempt non-profit organization.  March did not utilize any of the victim’s money for charitable purposes; rather, he spent the money on “Ponzi” payments, his own lavish lifestyle, and expenses of the scheme.
 
March pleaded guilty today to conspiracy to wire fraud and faces up to twenty years imprisonment and a $250,000 fine when he is sentenced during the court’s November 3, 2020 term. 
 
Robert J. Higdon, Jr., U.S. Attorney for the Eastern District of North Carolina, made the announcement after U.S. Magistrate Judge Kimberly A. Swank accepted the plea. The Internal Revenue Service Criminal Investigation Division (IRS-CI), and the North Carolina Secretary of State, Securities Division conducted the investigation in this matter.  The Office of the U.S. Bankruptcy Administrator for the Eastern District of North Carolina provided substantial assistance.  Assistant United States Attorney Ethan Ontjes, Special Assistant United States Attorney Brian Behr, and Special Assistant United States Attorney Kevin Harrington represent the United States.  
 
 
Drug And Firearm Convictions Send Oxford Man To Federal Prison For 15 Years PDF Print E-mail
Federal Government
By Donna Martinez   
Friday, 31 July 2020 09:57

An Oxford man was sentenced today to 180 months in prison for possession with intent to distribute cocaine base (crack) and possession of firearms by a convicted felon.

According to court documents, the Oxford Police Department (OPD) received complaints of drug distribution activity at the residence of Thurston Darius Bobbitt, 37, in Oxford.  As a result, OPD utilized a confidential informant to purchase crack cocaine from Bobbitt at the residence.  A search warrant executed at Bobbitt’sresidence and vehicle yielded a quantity of crack cocaine, digital scales, two firearms, ammunition, cell phones, and U.S. currency.  In total, Bobbittwas held accountable for possession and/or distribution of over a kilogram of crack cocaine.  Bobbitt had previously been convicted of a felony for which he received a term of imprisonment exceeding one year. 

 

Robert J. Higdon, Jr., U.S. Attorney for the Eastern District of North Carolina made the announcement after sentencing by U.S. District Judge James C. Dever III. The Oxford Police Department investigated the case and Assistant U.S. Attorney Robert J. Dodson prosecuted the case

 
Activities With Pope Francis Dominate President and Mrs. Obama's Public Schedule PDF Print E-mail
Federal Government
By Administrator   
Thursday, 24 September 2015 06:00

RALEIGH, (SGRToday.com) - President Obama's Thursday morning will include two activities with Pope Francis. The White House public schedule for September 24 shows:

** 9:00 AM
The President, the First Lady, the Vice President, and Dr. Biden participate in the State Arrival ceremony for His Holiness Pope Francis

South Lawn Open to pre-credentialed media Pre-set 7:30AM; Final Gather 8:30AM – North Doors of the Palm Room

** 10:15 AM
The President holds a bilateral meeting with His Holiness Pope Francis

Gather Time 9:30AM – Rose Garden Pool Spray at the Top Oval Office

Commentary about the morning posted to the White House website:

"In the morning, the President and the First Lady will welcome His Holiness Pope Francis to the White House. The Vice President and Dr. Biden will also attend. The arrival ceremony on the South Lawn is open to pre-credentialed press. The deadline to request media credentials has passed.

Later in the morning, the President will hold a bilateral meeting with His Holiness Pope Francis in the Oval Office. There will be a pool spray at the top of the meeting."

The full schedule can be found at whitehouse.gov.

Last Updated on Thursday, 24 September 2015 06:19
 
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