Man charged in investment case arrested in Germany

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SAGINAW, Mich. (AP) - A Michigan man charged last year after authorities said he took part in an investment scheme that defrauded senior citizens has been arrested in Germany.

Michigan Attorney General Bill Schuette (SHOO’-tee) said in a statement that 31-year-old Joel Wilson of Saginaw was arrested Monday in Dresden. Schuette says his office was notified on Tuesday and paperwork has been filed to begin the extradition process.

Schuette says Wilson went to Germany as investigators worked on the case in 2012. He faces nine charges, including conducting a criminal enterprise.

Wilson told WNEM-TV last year in a telephone interview from Germany that he was “overcharged.”

Investigators say Wilson used The Diversified Group Advisory Fund LLC, a former investment company, to get money from investors in the Saginaw area and Bay City areas.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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