Michael Winans Jr. speaks out about ponzi scheme conviction

michael winans jr

michael winans jr

Ponzi Scheme gone bad Michael  Winans Jr. now wants to clear some things up! I guess he does now that he will have some time to reflect (14 years to be exact). Not only does he seek a reduced sentence for the failed ponzi scheme he was a part of, he also wants your money to help get him out.

Chile Pleeze! get somewhere and read your bible while you are on lockdown. In the mean-time we will be praying for you out here.

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Winans released Saturday to MLive Detroit in a video of his first comments since his Feb. 27 conviction after a judge ruled he reportedly defrauded more than 1,200 investors in a pyramid scheme that involved investment the oil industry.

Winans’ response in the video released to MLive includes news he hired a new defense team that hopes to get him re-sentenced based on the amount of losses they believe he’s responsible for. He’s the nephew of award-winning singers BeBe and CeCe Winans and also has a new song out called “My Side of the Story.”

“There have been a lot of things said about me that are just not true,” Mike Winans said. “And I want to clear some of those things up. I was charged with wire fraud, and on Feb. 27, 2013 I was sentenced to nearly 14 years in prison. There are numerous stories out there that claim I stole millions of dollars from innocent people. That is not true. Now, I’m not blameless. And I’m willing to take responsibility for my mistakes. But I am not willing to take responsibility for what others did in my name. Let it be clear: I did not start this investment. My name was used without my permission to solicit money by a lot of people – including Tim Hunt, the creator of the fraudulent oil investment.

“Much of the money that was collected by others that was supposedly going to me never even came to me. I didn’t even get the money. And if that’s not enough, to make matters worse, my attorney failed to do his job for me. He told me not to comment at all on the case – even though that I wanted to explain that I paid back a lot of people. My attorney … he failed to make an objection to the claim I was responsible for losses by people I didn’t know and money that I never even received. He failed to tell the court about the 75 percent – actually more than that – that I paid back to investors. And in order to do that, I had to use my own money from the music business at the time.

“So you have lots of people that I didn’t know making claims, sending in letters to the court when they actually gave their money to others and not to me. So because my attorney failed to represent me the correct way and present the evidence based upon the losses that I’m responsible for I was in turn sentenced on the losses caused by others. Again, he never told the court about the more than 75 percent of the money I paid back to the investors. And my huge prison sentence of more than 14 years , that’s a result of the court just not knowing the true facts.”

The Detroit Free Press reported that Winans, 30, was ordered by a judge to pay his victims $4.8 million in restitution. He claims in the video to have paid back at least 75 percent of the money owed to investors.

Winans pleaded guilty in October to wire fraud, but claims in the video posted below that others used his name without his permission to perform criminal acts.

Winans is a member of a legendary family from Detroit that’s no stranger to impacting the lives of others through music and spirituality.

Mike’s uncle, the Rev. Marvin Winans is a leader in the community and got beaten and carjacked in May.

The family relied on faith to get them through a troubling time.

“Now I have a new defense team that’s exploring all of my options, trying to get re-sentenced based on the amount of losses I’m responsible for and not those caused by others,” Mike Winans added in the video. “I’m asking you for the benefit of the doubt and also your prayers until all of the facts have been presented.”

You can listen to “My Side of the Story” in the player below.

 


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