Man Indicted for $105M Wire Fraud and Money Laundering Scheme
2 reports, 1 independent
Updated Fri 00:00
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What happened
Kristopher Lunsford was indicted on six counts of wire fraud and two counts of money laundering. The indictment seeks forfeiture of $105,940,214.93, which is the amount of proceeds from the fraudulent scheme. Lunsford solicited investors to purchase leases for semi-trucks, falsely representing that he would manage all business operations while investors earned passive income. The scheme operated between December 2023 and May 2025.
From wcbm.com
Why it matters
The indictment involves a large-scale investment fraud scheme, where Lunsford promised guaranteed weekly payouts to victim-investors. The government is seeking the forfeiture of over $105 million related to the fraudulent activity.
From wcbm.com