Charlotte-area church fell victim to alleged fraudulent investment scheme, U.S. Attorney says
CHARLOTTE, NC Local Charlotte News – A Virginia man has been indicted by a federal grand jury for allegedly soliciting investors from a Charlotte-area church and its members, the U.S. Attorney for the Western District of New York announced Wednesday.
52-year-old Michael Baldwin, the former CEO of Miracle Masion, is accused of fraudulently soliciting investors from a Charlotte-area church and its members over the course of an 11-year period. He is accused of the same acts on other individuals and entities located in Virginia, Arkansas, Charlotte, and Georgia.
Baldwin is accused of distributing promotional material regarding a ‘one-of-a-kind’ entertainment complex in Washington, D.C., according to federal documents. Documents also say he falsely represented potential investoars as the Kennedy Center and that high-level executives at Hobby Lobby and Chick-Fil-A had endorsed the project.
Baldwin faces multiple charges including wire fraud and securities fraud. The scheme defrauded victims of more than $740,000, according to the documents.
The FBI, were among the agencies involved in the investigation.
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