However, that didn’t happen.
Perry used the investors’ money to pay off other investors, while keeping the rest, the complaint said. The scheme didn’t end after the CFTC filed its complaint, with Perry continuing to try to hustle investors.
An undercover FBI agent posed as a potential investor and heard Perry’s spiel, which included him being told that an investment of $10,000 would return a profit of $19,000 to $25,000 per month, according to the complaint.
In response to a subpoena, Perry wrote that his company lost more than $75,000 in both August and September, despite his touts to potential clients of its success, the complaint said.
“Despite repeated requests, most pool participants (investors) have not received any of their funds back from (Perry),” the complaint said.
His sentencing has not been scheduled.
Bartow County online jail records show that he was arrested in December 2017 on unrelated firearm possession and drug-related charges. He was released the next day on a $10,000 bond.
Records show he was sentenced at the end of January, and AJC.com has reached out to the Bartow County Clerk of Superior Court for more detail on that sentencing.
In other news:
Willis served as lead counsel in the APS Cheating Scandal.