Two Sentenced to Federal Prison for $5 Million Real Estate Ponzi Scheme (Federal Bureau of ...

(Source: Federal Bureau of Investigation - Atlanta Field Office) ATLANTA-Charles Wooden and Hendrickx H. Toussaint, a now disbarred lawyer, have been sentenced to federal prison for operating a real estate-based Ponzi scheme that took in almost $5 million dollars from out-of-state and foreign investors. 'These defendants tricked investors into handing over millions of dollars by promising quick returns and an income stream,' said U.S. Attorney John Horn. 'To make their scheme work, they preyed upon the common belief held by many investors that real estate is a safe investment. Sadly, this case proves that criminals will say anything to persuade a person to part with their money, and that...