Feds say NC man took $44M from telcom investors - Local news, weather, sports Savannah | WSAV On Your Side

Feds say NC man took $44M from telcom investors

Posted: Updated:
CHARLOTTE, N.C. -

Federal prosecutors say a North Carolina man faces charges of running a Ponzi scheme that stole $44 million from investors in a telecommunications company he headed.

The U.S. attorney's office in Charlotte said Thursday that 55-year-old Daniel Williford of Statesville faces securities fraud, wire fraud, and money laundering charges.

A message left at a number listed for Williford was not returned. He is the latest to face charges as prosecutors pursue Ponzi schemes that unraveled with the financial crisis and the Great Recession.

Prosecutors say Williford invested less than $8 million. Between 2007 and this July, he used the rest to pay earlier investors and for personal expenses including a child's college tuition. 

Williford faces a maximum of 90 years in prison if convicted of all charges.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Industrial Accident at International Paper Company Leaves One Man Dead

    UPDATE: Victim Identified in Fatal Accident at International Paper Company

    UPDATE: Victim Identified in Fatal Accident at International Paper Company

    Monday, September 1 2014 2:43 PM EDT2014-09-01 18:43:14 GMT
    Savannah Fire Department and Savannah-Chatham Metro Police are on the scene of an industrial accident at the International Paper Company on West Lathrop Avenue in Savannah. Spokesman Mark Keller says Savannah Fire arrived on the scene and commenced CPR, but the man was unresponsive.Details are limited now. Stay with WSAV for the latest, as News Three's Ian Margol is on the scene learning more.
    Savannah Fire Department and Savannah-Chatham Metro Police are on the scene of an industrial accident at the International Paper Company on West Lathrop Avenue in Savannah. Spokesman Mark Keller says Savannah Fire arrived on the scene and commenced CPR, but the man was unresponsive.Details are limited now. Stay with WSAV for the latest, as News Three's Ian Margol is on the scene learning more.
  • Magic Mike Comes to Savannah

    Magic Mike Comes to Savannah

    What do you get when you combine male strippers, Channing Tatum movies and Forsyth Park?You get more than a thousand people lining up to be a part of the action!On Sunday, people from all over lined up at the stage on Forsyth Park to have a chance to be an extra in the upcoming film, Magic Mike XXL.The movie is just one of several to be filmed in Savannah in the near future (another is R.I.P.) and its casting director says that's no surprise."Savannah is such a gorgeous city to shoot in," say...
    What do you get when you combine male strippers, Channing Tatum movies and Forsyth Park?You get more than a thousand people lining up to be a part of the action!On Sunday, people from all over lined up at the stage on Forsyth Park to have a chance to be an extra in the upcoming film, Magic Mike XXL.The movie is just one of several to be filmed in Savannah in the near future (another is R.I.P.) and its casting director says that's no surprise."Savannah is such a gorgeous city to shoot in," say...
  • Highway Patrol Investigates Fatal Beaufort Crash

    Highway Patrol Investigates Fatal Beaufort Crash

    Highway Patrol Investigates Fatal Beaufort Crash

    Sunday, August 31 2014 5:26 PM EDT2014-08-31 21:26:13 GMT
    The South Carolina Highway Patrol is investigating a fatal crash that happened just after 8 p.m. on Saturday, on Highway 21 in Beaufort. According to Sgt. Bob Beres, a 1998 Mercedes Benz ran off of the right side of the road and overturned. 
    The South Carolina Highway Patrol is investigating a fatal crash that happened just after 8 p.m. on Saturday, on Highway 21 in Beaufort. According to Sgt. Bob Beres, a 1998 Mercedes Benz ran off of the right side of the road and overturned. 
Powered by WorldNow

1430 East Victory Drive
Savannah, GA 31404

Telephone: 912.651.0300
Fax: 912.651.0320
Email: newsemailalert@wsav.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.