WASHINGTON, March 30 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
EL PASO, Texas - An El Paso man pleaded guilty in federal court to seven counts of wire fraud as part of a Ponzi scheme in which he represented to investors that he would use their funds to promote NBA preseason games, announced U.S. Attorney for the Western District of Texas, Justin R. Simmons.
According to court documents, beginning around Feb. 9, 2009, and continuing through about May 14, 2020, Timothy France Johnson, 63, solicited investments from individuals and claimed to invest their money into NBA preseason games and game promotion. Johnson falsely represented that, as a third-party promo...