Winans Phase 2 06:00AM ET March 12, 2010 Contributor : Jecquea Howsie A Rocky Williform Company
Even the most hardcore hip hop head is familiar with the storied Winans' family. Well a younger member of the Winans clan was accused of defrauding church members out of $11 million.
According to mediatakeout.com, Michael Winans Jr., a former member of gospel group Phase 2 and son of Michael Winans Sr. is accused of selling bonds to Black churches in Detroit. Supposedly the bonds were backed by interests in Saudi Oil companies. Just as you might've guessed, the plot thickens. Not only were the bonds fake, but Michael used his connections, and his famous last name, to lure church folk into forking over their hard-earned cash.
Detroit's Office of Financial and Insurance Regulation says, "Our investigation found that Michael Winans Jr. orchestrated a scheme that resulted in hundreds of Detroit residents losing millions of hard-earned dollars. Promising sky-high, guaranteed returns, these scammers unscrupulously fleeced unsuspecting churchgoers who let their financial guard down."
Even the most hardcore hip hop head is familiar with the storied Winans' family. Well a younger member of the Winans clan was accused of defrauding church members out of $11 million.
