SPARTANBURG, S.C. (FOX Carolina) – The United States Department of Justice announced that a Duncan man was found guilty by a federal jury following a four-day trial on several fraud-related charges.
Joseph F. Wallace, 51, was found guilty on nine counts of wire fraud and one count of credit card fraud.
Evidence showed that Wallace marketed himself as “a self-made serial entrepreneur leading multiple business entities and living the American Dream in Upstate, South Carolina.” He owned and operated YMA Financial, through which he offered various services. Beginning in late 2022, Wallace overextended himself in his pursuit of other business endeavors, and he needed substantial infusions of cash to pay back previous clients. The situation led Wallace to misrepresent himself to new clients and to withhold material information…