March 12, 2025 - 19:15
A South Charleston man, infamously dubbed the "Wolf of West Virginia," has pleaded guilty to his role in a multi-state real estate fraud scheme that defrauded over 170 victims. The fraudulent activities led to substantial financial losses estimated to be between $2 million and $5 million.
The man was accused of luring investors with promises of lucrative returns on real estate investments, which he failed to deliver. Instead of using the funds for legitimate property ventures, he misappropriated the money for personal expenses and to pay off earlier investors, a strategy commonly known as a Ponzi scheme.
Authorities have stated that the investigation revealed a complex web of deceit, with victims from various states falling prey to his promises. The case highlights the importance of vigilance when considering investment opportunities, especially those that seem too good to be true. Sentencing for the man is expected in the coming months, and he faces significant prison time for his actions.
