CHARLOTTE, N.C. (AP) — The U.S. Department of Justice says a federal grand jury has indicted a Virginia man who they say duped investors out of more than $740,000 by convincing them to help him build a religion-themed family entertainment venue.
The U.S. Attorney’s Office in Charlotte says 52-year-old Michael Mandel Baldwin of Alexandria, Virginia, made fraudulent statements to investors about Miracle Mansion, and solicited investments from a North Carolina church and its members.
He also sought money from others across the U.S.
Baldwin is charged with wire fraud and securities fraud. Each charge carries a sentence of 20 years in prison.
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