Man accused of withholding investors’ money

Man accused of withholding investors’ money

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Cherokee County Sheriff’s Office
Gregory Tim Nichols
  • Story Highlights
  • Several people came forward stating they gave funds to Gregory Tim Nichols to invest.
  • He denied them access to their money, the Cherokee County Sheriff’s Office said.
  • Nichols is charged with racketeering, forgery and theft by deception.

A man is facing several charges after authorities said he denied clients access to money they gave him to invest.

The Cherokee County Sheriff’s Office began investigating Gregory Tim Nichols in September when multiple people came forward, Sgt. Marianne Kelley said Wednesday in a news release.


Nichols, 51, of Canton, is charged with racketeering, forgery and three counts of theft by deception, Kelley said. He is in the Cherokee County Adult Detention Center in lieu of $250,000 bond.

Anyone else who may have been a victim of Nichols is asked to call investigators at 770-928-0239.

The U.S. Secret Service and the Holly Springs Police Department helped in the investigation.

In other news:

A shopper saw it happen and told security.

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