William W. Wilson, the brother of a fugitive accused of orchestrating a multi-million dollar fraud, was sentenced today by Chief U.S. District Judge William M. Skretny to 18 months of probation.
By all accounts, Wilson, a 23-year-old student at Ohio State University, was a minor player in the investment scheme that federal prosecutors claim was operated by his brother and cheated investors out of $8 million.
“He understands what he did and he’ll never do it again," said defense lawyer Edward C. Cosgrove,
Michael H. Wilson, who remains a fugitive in Canada, is viewed by the FBI, Internal Revenue Service and U.S. Attorney’s office as the prime suspect in the case.
The 22-year-old Cleveland businessman attracted a lot of attention in 2008 when moved here and bought two homes in Hamburg for $6.3 million, which was then the most expensive residential real estate deal in Erie County’s history.
A few months later, the elder Wilson entered the spotlight again when federal agents searched the 126-acre estate on Boston State Road. He was indicted on fraud and money laundering charges a year later.