Virginia man indicted for scheme to defraud investors

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.

Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Related Categories:

Crime News | Latest News | Local News | Virginia News

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up