Ellen Podgor lets us know that Michael J. Wing, an attorney who lives in Tyler but whose practice is apparently mostly in Houston, has been indicted in the Eastern District of Texas for allegedly running a Ponzi scheme promoting investments in phony companies.
Wing faces up to 20 years in prison and a fine of up to $250,000 for each of the eighteen counts alleged in the indictment, and the government is also seeking the forfeiture of $3.575 million traceable to the offenses alleged in the indictment.