On Monday, Robert Price Copeland, a Marietta Georgia lawyer, pleaded guilty to federal wire fraud charges in connection with a $28 million Ponzi scheme. The government alleges that the scheme defrauded over 125 people.
The Atlanta Journal Constitution has the story.
The 48 year old was accused of scamming victims across the nation from 2004 to 2009. In some cases, the victims were senior citizens who lost their life savings. Investigators say that Copeland promised some victims up to 15 percent on their investments in under a year. It is believed that Copeland solicited his victims through seminars and financial planners.
Copeland could face 20 years in prison, a $25,000 fine, restitution, and forfeiture of all proceeds gained from his fraudulent schemes when he is sentenced. The Security Exchange Commission has also brought a civil case against Copeland.
Pate & Brody is an accomplished Georgia law firm with offices in Atlanta, Macon and Madison. Our lawyers are dedicated to pursuing justice for people charged with serious crimes. We have successfully represented clients facing serious federal criminal charges and state criminal charges in courts across Georgia. Our lawyers have been recognized on the list of Georgia’s “Super Lawyers”, and included among Georgia’s “Legal Elite” by Georgia Trend Magazine.
