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RALEIGH, N.C. (WECT) - A former investment advisor in Wilmington is heading to prison for carrying out a $7 million fraud scheme.Shawn Edward Good was sente ...
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Shawn Edward Good was sentenced to 87 months in prison to be followed by three years of supervised release Wednesday.
A former Morgan Stanley advisor pleaded guilty for running a $7M Ponzi scheme and faces as much as 30 years in prison, according to the Justice Department.
Shawn Edward Good bought at least five luxury cars with clients' money, according to prosecutors.
According to the U.S. Department of Justice, Shawn Good defrauded at least 12 victims and he is facing up to 30 years in prison.