NY Man Indicted In Alleged $10+ Million Distressed Property Investment Racket

The U.S. Attorney's Office for the Southern District of New York announced earlier this week:

• "Michael J. Garcia, the United States Attorney for the Southern District of New York, announced the indictment of Wilson James Baston, Jr., a/k/a "Wil James," a/k/a "Will James," by a Federal Grand Jury in Manhattan earlier today. The Indictment alleges that, over the past five years, Baston defrauded victims out of millions of dollars through Will James Equity Partners,Inc., which purported to be a real estate investment program which purchased distressed properties in the New York City area as investment vehicles for long and short-term investors."

For more, see the U.S. Attorney Press Release - President Of Real Estate Investment Firm Indicted On Multi-Million Dollar Fraud Charges.