Panama City, FL – Feds charge Santa Rosa Beach man with wire fraud and money laundering

Date:

Panama City, FL –

PENSACOLA, Florida (WMBB) – A Santa Rosa Beach man has been indicted by federal prosecutors after allegedly promising investors he had made deals with “high guaranteed returns.”

John E. Acker, 52, formerly of Santa Rosa Beach, has been charged with 37 counts of wire fraud and 7 counts of money laundering.

“The indictment alleges that between 2013 and 2020, Acker solicited and instigated numerous individuals and companies to invest money with him by making various fraudulent statements, including that the investment was for real estate or a another “case” related to business with guaranteed high returns, “prosecutors wrote in a press release. “He reportedly told investors that the ‘deal’ was about buying and selling, or ‘flipping’ a property or business.”

Prosecutors added that Acker took the investment money to pay for his personal expenses or reimburse previous investors whose funds had already been embezzled.

“The indictment also alleges that Acker made other false statements to gain the confidence of investors and influence them to invest, such as misrepresenting or tampering with his relationship with lawyers, business owners or others. prominent members of the community and claiming he had wealth independent of a trust fund, “they said. And he” used his companies including Miracle Strip Holdings X LLC, Fujimo Development LLC and Shipwreck Road LLC, to commit the alleged fraud “.

Acker is also accused of laundering the money from the scheme by making large payments and money transfers over $ 10,000.

Feds charge Santa Rosa Beach man with wire fraud and money laundering Source link Feds charge Santa Rosa Beach man with wire fraud and money laundering

The post Panama City, FL – Feds charge Santa Rosa Beach man with wire fraud and money laundering appeared first on Eminetra.

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