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Tag Archives: Sterling Bank and Trust

William Wise’s Millennium Bank CD Fraud Scammed Investors out of $130 Million

Posted in Ponzi Profiles

William J. Wise admitted in court earlier this month that he ran a massive $130 million Ponzi scheme from 1999 to 2009, defrauding 1,200 investors. Their losses totaled $75 million. Wise, a Canadian citizen who operated out of North Carolina and California, sold “secure” Certificates of Deposit (CDs) in offshore banks to investors. These CDs… Continue Reading