A former financial advisor from Danville faces federal charges for allegedly defrauding 93 investors of $9.5 million over three decades following an FBI and IRS investigation.
Edwin Emmett Lickiss Jr., 78, of Danville, pleaded guilty in Oakland federal court Thursday to one count of wire fraud and one count of money laundering, according to a release from the US Attorney’s Office.
Lickiss reportedly admitted to running a Ponzi scheme that prosecutors say stretched from 1998 through September 2024 and involved 93 investors who were cheated out of at least $9.5 million following an investigation by the Federal Bureau of Investigation and the Internal Revenue Service…