Former Waco Financial Planner Charles D. Jones Facing Federal Fraud Charges in Alleged $8 million ‘Ponzi-type Scheme’
A well-known former Waco financial adviser Charles D. Jones allegedly stole at least $8 million from his clients in a Ponzi-type investment scheme during the past decade, according to a federal complaint.
The Peiffer Rosca Wolf investment rights lawyers are currently investigating Charles D. Jones, owner of Charles D. Jones Capital Management Inc., who has been charged with wire fraud in an alleged scheme that federal prosecutors describe as “basically a rob Peter to pay Paul system.”
Charles D. Jones Faces up to 30 Years in Prison for Alleged ‘Ponzi-type Scheme’
Jones, a 1978 graduate of Baylor Law School, has dealt with several ramifications since the allegations have come to light. For example, according to court records currently under review by attorneys Joe Peiffer and Alan Rosca, Jones surrendered his law license in June 2014.
In addition, Jones, who waived indictment, is charged in what is known as a federal information, was released on a $25,000 unsecured bond, and is reportedly set to plead guilty in Waco’s federal court on Feb. 19 and faces up to 30 years in prison and a fine up to $1 million, according to court records currently being reviewed by attorneys Alan Rosca and Joe Peiffer.
The Peiffer Rosca Wolf investment rights lawyers are investigating Jones, and welcome investor inquiries regarding this matter.
Investment Rights Lawyers Investigating
The Peiffer Rosca Wolf investment rights lawyers often represent investors who lose money as a result of investment misconduct and Ponzi schemes, and are currently investigating Charles D. Jones, and his alleged Capital Management Inc. Ponzi scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Any investor who believes they lost money as a result of Charles D. Jones, and his alleged Capital Management Inc. Ponzi scheme are invited to contact the investment rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.