Mar 25, 2014 4:48 AM by AP
BATON ROUGE, La. (AP) - Federal prosecutors say a Baton Rouge man has admitted defrauding people out of more than $500,000 by promising to share a nonexistent trust fund later.
U.S. Attorney Walt Green said in a news release Monday that 34-year-old Johnathan E. Williams pleaded guilty Friday to wire fraud.
He says Williams told victims he would repay them when he got control of the supposed trust fund.
Green says Williams could get up to 20 years in prison and $250,000 in fines when U.S. District Judge Brian Jackson sentences him.
He says a Florida man sent Williams and his associates about $300,000 - much of it after Williams faxed a letter on an attorney's letterhead falsely stating that Williams had a trust fund holding more than $20 million.
23 hours ago