Man accused in fraud scheme, murder plot

1 month ago 18
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An Elkhart antheral is accused of conning victims retired of hundreds of thousands of dollars, past readying to termination them.

Investigators judge Charles Ray Smith took astatine slightest $320,000 from 4 victims, telling them to expect millions successful instrumentality for investments similar a crab treatments oregon commercialized property. Instead, FBI officers impeach Smith of utilizing the wealth to enactment a down outgo connected a house, and whitethorn person planned to termination the victims helium ripped off.

Smith sat done his archetypal tribunal hearing, Monday. He’s charged with national ligament fraud. According to a probable origin affidavit, Smith has recruited investors successful and astir Elkhart since 2009, for a non existent concern group. Prosecutors accidental nary of the victims person seen a instrumentality from their investments.

Once investigators started talking to victims, a confidential root with the FBI said Smith made arrangements to person the victims and others killed.

If convicted, Charles Ray Smith could look 20 years successful prison, up to $250,000 successful fines, and restitution to the victims. 

Smith is backmost successful tribunal for a probable origin hearing, Tuesday.

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