Watertown Native Accused Of Sports Investment Fraud
LOJSports
|
Adrian Kawuba, a 33-year-old Watertown native, has been charged with wire fraud following allegations he scammed investors who believed they were putting money towards short-term sports ventures in Africa. Wire fraud is when someone uses wire, radio, or television communications to defraud others. Wire fraud is punishable by up to 20 years in prison, and can result in a fine of up to $250,000. Additionally, the charge can include up to three years of supervision upon release.
The Watertown native is being accused of deceiving his investors, providing false guarantees that he would put their money towards international sports ventures, including Africa. Not only is Kawuba accused of not following through on his word, but also accused of spending investor money on luxury goods.
Kawuba was scheduled to appear before United States Magistrate Judge M. Page Kelley, inside federal court on Thursday.
U.S. Department of Justice has more HERE.
Categorized:More The Latest
