Michael Winans Jr. sentenced to 13 years in prison for ponzi scheme

A family member recognized as gospel music is serving time in prison. Read more: Who’s in power in the wake of U.S. District Judge Sean Cox’s intransigence, asserting that as a longtime member of the Church, the Winans know right from wrong. Making matters worse, Winans is said to have used the podium and his family’s name to entice supporters. One victim stood up to tell the story of losing nearly $100k, robbing him of his life savings, his marriage and even relationships with family members. Winans apologized in court, admitting his wrongdoing. While he alleges he had no “bad intentions,” he also admitted to continuing to collect money when he learned that the bond was bogus. Between 2007 and 2008, Winans attracted nearly 1,000 investors, many of them through word of mouth. In a classic ‘ponzi scheme’ style, he relies on relationships with friends to attract financial backers. Winans promised to make a quick profit, taking everyone’s money and using it for personal expenses and repaying the debt others had invested in before. When the failure became apparent, Winan’s system helped relieve him of responsibility. Many people are tricked into starting attacks against their recruits.Read more: Quick guide: Parts of a door | Top Q&A More than 50 letters from victims were sent to Judge Cox, documenting the Winans’ plan and its horrific effects on their lives. Winans, 30, is a third generation member of the famous family. His father, Michael Winans Sr. is a member of a quartet of the Winans brothers. Winans Jr. is a performer in his own right. He is a member of Phase II, a group that includes him and his cousins. In 2011, he released an album titled ‘My Own Genre’. Unfortunately, the prospect of a successful musical career seems so remote as Winans predicts to spend most of the rest of his life behind bars. Follow Britney Spear on Twitter @missbritneyspRead more: Who is Abigail and how is she related to Bray Wyatt?

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