Winans, Jr. charged, accused of cheating people out of millions - FOX 32 News Chicago

Michael Winans, Jr. charged, accused of cheating people out of millions

Posted: Updated:
Michael Winans Jr., seen here in Fox 2 video from back in 2008.  (Credit: myFOXDetroit.com) Michael Winans Jr., seen here in Fox 2 video from back in 2008. (Credit: myFOXDetroit.com)
  • Michael Winans, Jr. charged, accused of cheating people out of millionsMore>>

  • State Says Winans Involved in Ponzi Scheme

    State Says Winans Involved in Ponzi Scheme

    Michigan regulators say a member of the Winans gospel-music family led a fraudulent, multimillion-dollar investment program by promoting bogus Saudi Arabia oil bonds.
    Michigan regulators say a member of the Winans gospel-music family led a fraudulent, multimillion-dollar investment program by promoting bogus Saudi Arabia oil bonds.
SOUTHFIELD, Mich. (myFOXDetroit.com) -

A member of the famous Winans family has been charged with cheating people out of more than $8 million dollars.  He's a familiar face, not only because of his family name, but because Problem Solver Rob Wolchek put him in the Hall of Shame.

Michael Winans, Junior is in big trouble.  The singer may have hung out with famous people like P. Diddy and Nicole Scherzinger a few years ago, but soon he may be hanging with famous people like O.J. Simpson and Bernie Madoff in prison.

I confronted Michael Winans, Junior back in 2008 when I first exposed what sure seemed like a ponzi scheme.  At that time he had no comment.

Now the federal government agrees, charging Winans with taking more than $8 million from over a thousand victims.

I first started investigating Michael Winans, Junior after I heard he was using his successful family name to convince people he invested like a rich person.

He spoke at local churches where people were impressed to be addressed by one of the famous Winans family.

"When you think of the Winans, you think of prominent people," one woman told us.

Michael Winans, Junior said he was such a big shot, he'd let others in on his Saudi Arabian oil bond that was paying huge dividends.

"He did get up and speak and basically he said that the crude oil bond is real," one man said.

But the feds say his Saudi oil bond and his investments were all fake.

He may be a member of the famous gospel singing Winans family, but the feds say this Winans is just a crook.

Michael Winans, Junior is officially being charged by the United States government with wire fraud, but this is all about the same scheme Winans was running when I busted him.  

I spoke with Winans' attorney and he said his client is working to pay the victims back.  $8 million is a lot of money, even for a member of the Winans family.

  • Local NewsLocal NewsMore>>

  • Pensioners approve Detroit bankruptcy plan

    Pensioners approve Detroit bankruptcy plan

    Monday, July 21 2014 11:39 PM EDT2014-07-22 03:39:04 GMT
    The city of Detroit says workers and retirees have approved pension cuts, a crucial step to emerging from the largest municipal bankruptcy in U.S. history. The city reported results Monday after two months of balloting ended July 11. A judge still must hold a trial to determine if Detroit's overall bankruptcy plan is fair and feasible, but support from retirees is vital.
    The city of Detroit says workers and retirees have approved pension cuts, a crucial step to emerging from the largest municipal bankruptcy in U.S. history. The city reported results Monday after two months of balloting ended July 11. A judge still must hold a trial to determine if Detroit's overall bankruptcy plan is fair and feasible, but support from retirees is vital.
  • DPD's 6th precinct struck by bullets in drive-by shooting

    DPD's 6th precinct struck by bullets in drive-by shooting

    Monday, July 21 2014 11:06 PM EDT2014-07-22 03:06:31 GMT
    Detroit police say bullets struck the 6th Precinct building during a drive-by shooting. This was the same precinct where four officers were shot back in 2011.
    Detroit police say bullets struck the 6th Precinct building during a drive-by shooting. This was the same precinct where four officers were shot back in 2011.
  • City turns down Vinsetta Garage's new parking proposal

    City turns down Vinsetta Garage's new parking proposal

    Monday, July 21 2014 10:31 PM EDT2014-07-22 02:31:49 GMT
    Vinsetta Garage, a popular restaurant in Berkley, proposed to tear down several homes and build a parking lot to solve the parking issue in the neighborhood, but the proposal was turned down Monday at city hall.
    Vinsetta Garage, a popular restaurant in Berkley, proposed to tear down several homes and build a parking lot to solve the parking issue in the neighborhood, but the proposal was turned down Monday at city hall.
Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices