Federal prosecutors have now filed a nine‑count indictment against former Milwaukee businessman Joseph James Nantomah, known online as “The Black Mentor”, accusing him of running a fake fix‑and‑flip real estate scheme that defrauded dozens of investors out of more than $1.9 million.
Watch: Federal indictment expands fraud case against Milwaukee businessman
Federal indictment expands fraud case against Milwaukee businessman known as ‘The Black Mentor’
This new indictment expands on last month’s criminal complaint, which focused on a single wire fraud allegation, and outlines six counts of wire fraud and three counts of money laundering tied to specific bank transfers and financial transactions between 2023 and 2024.
If convicted, Nantomah faces up to 20 years in prison for each wire fraud count and up to 10 years for each money laundering count, plus fines and forfeiture of assets…