scott michael campbell found guilty on all counts in high-profile financial fraud case
ROME, GA - In a verdict delivered Monday morning, a federal jury in the Northern District of Georgia found former investment advisor scott michael campbell guilty on all 12 counts of wire fraud, securities fraud, and money laundering. According to court documents, between January 2019 and December 2023, Campbell orchestrated a Ponzi scheme that defrauded over 200 investors, primarily elderly retirees, out of approximately $47 million. The scheme involved promises of high-yield returns from a fictitious real estate development fund. Evidence presented during the three-week trial included bank records, recorded phone calls, and testimony from 15 witnesses, which confirmed Campbell used investor funds to purchase luxury vehicles, a private residence, and finance gambling trips to Las Vegas. Following the verdict, U.S. Attorney John D. Riley stated, "This conviction sends a clear message that financial fraud will be prosecuted to the fullest extent of the law." Sentencing for scott michael campbell is scheduled for June 12, where he faces a maximum penalty of 20 years per count.