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Brother's Ponzi Scheme: Mayor's Distance from Crime
Published 1 month, 1 week ago
Description
Timothy France Johnson, brother of El Paso Mayor Renard Johnson, pleaded guilty to wire fraud, running a Ponzi scheme that defrauded investors of over $3 million. He pretended to be an NBA preseason game promoter, promising guaranteed returns with zero risk. The mayor, who has kept his distance, is not involved in any wrongdoing. Johnson faces up to twenty years per count, with possible restitution.
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