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Man sentenced for role in multimillion-dollar investment fraud scheme


Man sentenced for role in multimillion-dollar investment fraud scheme
Prison bars (Source: KLTV)
By NBC12 Newsroom | March 5, 2021 at 6:13 PM EST - Updated March 5 at 6:13 PM
RICHMOND, Va. (WWBT) - A Richmond man was sentenced on Friday for his role in an investment scheme that defrauded investors of $5.7 million.
According to court documents, James Michael Johnson, 69, was involved in a worldwide scheme through Chimera Group Ltd., a purported investment company based out of the United Kingdom.
Johnson was previously convicted of conspiracy to commit wire fraud, wire fraud and conspiracy to commit money laundering after a multi-day trial last year.
“For more than four years, the defendant and his co-conspirators stole over $5 million from victim investors, which included individuals, startup business entities, and a volunteer fire department,” said Raj Parekh, Acting U.S. Attorney for the Eastern District of Virginia. “Thanks to the outstandi ....

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