Elderly electrician pleads guilty to Omega investment fraud

By David Marchant

24 years ago

Topics

Fraud Investment USA

Keywords

Arlene Foust Diamond Barry Bullington Billie Wilson Brian Boes Clyde Hood

Franklin Myers James Turner Jeffrey Schnibben Jerry Wilson Karen Tillquist-Baibus Michael Kodosky Nancy Jones Omega Trust and Trading Ltd. Patricia Ann Hood Phillip Haskell Raymond Miller Richard Jones Stuart Chris Engel Susan Engel Hoehne Tommie McKibben

[ 15 more... ] [ top 5 ]

Clyde Hood, the 66-year-old electrician who persuaded gullible investors to send him millions of dollars by promising 5,000 per cent returns, has pleaded guilty to fraud-related charges in the United States.
Hood pleaded guilty on April 10, 2001 to one count each of conspiracy to commit fraud, conspiracy to commit money laundering and filing a false tax return.

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