The Department of Justice issued the following press release:
RIDGELAND MAN PLEADS GUILTY TO BANKRUPTCY FRAUD
Jackson, Miss – William Marshall Wolfe, 45, of Ridgeland, pled guilty today in U.S. District to the fraudulent transfer of approximately $1.5 million in real property from the bankruptcy estate of Steadivest, LLC, announced U. S. Attorney, Gregory K. Davis, Acting U. S. Trustee Henry G. Hobbs, Jr. of Region 5, FBI Special Agent in Charge Donald Alway, IRS Criminal Investigation Special Agent in Charge Jerome R. McDuffie, and Inspector in Charge Robert B. Wemyss of the U. S. Postal Inspection Service.
William Marshall Wolfe placed Steadivest, LLC, in bankruptcy in the Southern District of Mississippi on March 23, 2009. On the eve of bankruptcy, Wolfe, as owner and managing officer of Steadivest, LLC, fraudulently transferred real property belonging to Steadivest, LLC, or its related entities, to another company, which he managed and solicited investors, in order to keep the properties from the bankruptcy estate, all in violation of Sections 152(7), Title 18, United States Code.
Wolfe will be sentenced on March 3, 2015 at 9:00 a.m. by U.S. District Judge Carlton W. Reeves. He faces a maximum sentence of five years in prison and a $250,000 fine.
The U. S. Trustee referred this matter to the U. S. Attorney for prosecution. The investigation was conducted by the FBI, IRS Criminal Investigation, and the U.S. Postal Inspection Service, with assistance from the U.S. Trustee.
Kingfish note: JJ was discovered the fraud in 2009 after reviewing property records.
6 comments:
Is this Bill Wolfe's son from Canton? What a loser.
He not only is a loser, he is a liar, a thief, a narcissistic ass, who can not do right and takes pleasure in hurting old people and relatives and members of his church. This worm is the lowest of the low and deserves a hell of a lot more than five years in prison. He squandered hard working people's money like it was a never ending stream. And to top it all off, he blames the sub prime decline for his pissing off seventeen million million dollars. He had a good time spending other peoples money in Las Vegas and Disneyworld. Now lets see how he enjoys prison.
Prison is too good for this conniving snake.
He will be soliciting for new investors in prison within thirty days for a new business he will dream up.
Where does this leave LEE PARIS with investlinc. When is his day in court.
Any updates on this? Was he actually sentenced in March or did the hearing get pushed back?
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