Arrests in Elder Fraud Scheme by 'Christian' Investment Firm
Multiple arrests have been made in connection with a fraudulent scheme that swindled an elderly World War II veteran out of over $300,000. The accused are associated with Ternion Group International LLC, a purportedly religious-based investment company.
Details of the Scheme and Arrests
U.S. Attorney Alamdar S. Hamdani announced that five individuals were involved in the complex operation. Those detained include Antoinette Monique Hopkins, 42; Alichia Webster, 60; Lenel Hopkins, 52; Neil John Halvorson, 65; and Victor Evans Jr., 70. These individuals, arrested in Alabama and Florida, face charges including one conspiracy to commit wire fraud and one wire fraud.
The Fraudulent Operations of Ternion
Ternion claimed to engage in international investment with focal projects on construction and job training for believers. They promised hefty returns and ownership in local development projects against large investments. Investors referred to as "hubs," supposedly integrated their resources with Ternion's business activities, but in reality, they received nothing.
The Victim's Experience
A 92-year-old veteran was mainly targeted; he was convinced to invest $300,000 with the promise of a $13 million return. This money was allegedly used to build a vocational school and purchase homes. Instead, it is alleged that Evans drew a substantial salary directly from these funds.
Deepening Deception
Moreover, Halvorson supposedly manipulated the elderly man into drafting a new will, handing over successor rights and power of attorney over his property and finances to Evans. This included a medical power of attorney used to enact a do-not-resuscitate order on the veteran.
Lack of Returns and Silence
Since the promised project's initiation in 2020, the veteran has neither seen any of the promised returns nor communicated with the Ternion members. Investigations revealed that the project site was privately owned and wasn't even up for sale.
If convicted, each accused party faces up to 20 years in federal jail and may be fined up to $250,000 per count. This includes charges of conspiracy to commit wire fraud and wire fraud.
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Understanding Wire Fraud
Wire fraud involves schemes executed via electronic communication to deceive and deprive others of money or property. These schemes are critically addressed under federal laws due to their severe impact on victims, often utilizing modern communication methods to expand their reach beyond traditional scam methods.
Federal Investigation and Elder Justice Initiative
The FBI's thorough investigation led to these arrests, emphasizing the fight against elder financial abuse under the Elder Justice Initiative. This initiative highlights the ongoing government efforts to protect older adults from financial scams and abuse.
Presumption of Innocence
It is vital to remember that an indictment is merely an accusation. Anyone accused is presumed innocent unless found guilty. The cases against each member of the Ternion group continue, with the accused awaiting trial to determine their legal responsibilities.
This case serves as a keen reminder of the vigilance needed in investment opportunities, particularly those that target vulnerable populations. The exploitation of older individuals through schemes like these not only causes financial loss but also deep personal distress. The legal developments in this case will be closely watched, as they may set precedents for how similar cases are handled in the future.
