Broken Promises: Texas Man’s Decades-Long NBA Ponzi Scheme Ends In Guilty Plea

An El Paso man is facing decades in federal prison after admitting he spent years tricking investors into funding imaginary NBA preseason games. Timothy France Johnson, 63, pleaded guilty Friday to seven counts of wire fraud, bringing a formal end to a scheme that federal investigators say spanned more than a decade. From early 2009 [] Broken Promises: Texas Man’s Decades-Long NBA Ponzi Scheme Ends In Guilty Plea