Gray bars, not cell towers, is what Daniel Williford, age 55, is going to be looking at for the next nine years. The former U.S. air pilot and Salisbury, NC, businessman was convicted in U.S. Federal Court in a multi-million dollar Ponzi scheme after he defrauded 100 investors out of almost $18 million, which now is obligated to repay.
According to WBT-TV/Charlotte, NC, Williford promised victims their
money would be invested in wireless Internet equipment, Internet towers
and other facilities and companies. Instead, court documents say
Williford used the majority of the funds to run a Ponzi-style scheme
while using a portion to fund his personal lifestyle.
Cindy Adkins and her husband Brent operate a towing service in
Statesville and Salisbury, and while they did not invest their money
with Williford, they did do business with his company. Several years ago
Williford rented space for antennas on a radio tower owned by the
Adkins in Salisbury. Continue reading here.