SUMMERFIELD, N.C. (WGHP) — A Summerfield man was sentenced to nearly two decades in prison on Friday for his involvement in a Ponzi scheme and tax fraud, according to the Department of Justice.
William Lamar Rhew, III, 39, pleaded guilty to:
- wire fraud
- money laundering
- securities fraud
- tax evasion
- failure to file tax returns
The charges were in connection with a $20 million Ponzi scheme.
He was sentenced to 235 months’ (19 years and seven months) imprisonment followed by three years of supervised release…