Local News

Wilson Man Charged In Investment Scheme

Posted January 11, 2005 3:34 a.m. EST

— A Wilson man is charged with scamming people out of thousands of dollars.

Otis Carter, 53, is accused of conning 10 people out of $356,000 in an investment scheme.

Victims say he claimed to sell large blocks of stock for a fraction of the price before it was sold to the public.

Carter is in the Wake County jail on a $250,000 bond.