Banker accused in Ponzi scheme being sought in Florida, Canada
Posted September 15, 2009 10:14 p.m. EDT
Raleigh, N.C. — After an exhaustive search, the whereabouts of a Raleigh banker accused in an international Ponzi scheme remain unknown.
William Wise, 58, operated Millennium Bank, which he billed as a St. Vincent-based unit of a Swiss bank. The SEC sued Wise and others in March, alleging that the bank was a front for a Ponzi scheme that has stolen more than $68 million from 375 investors, including at least 12 in North Carolina.
No criminal charges have been filed in the case, but courts have frozen Wise's assets so they can be auctioned off to repay investors.
Wise's whereabouts are not known and private detectives have searched for him in Florida and Canada, according to documents filed Tuesday.
His wife and son are back in their native Canada after the government forced the sale of their home to recover cash.
Attorneys want to serve Wise's wife with his court papers because she admits she has had contact with him, authorities tell WRAL News.