Wesley Snipes Loses Millions to Ponzi Scheme

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The last few years have been rough on Wesley Snipes. More accurately, maybe Wesley Snipe’s decisions have been rough on Wesley Snipes. After being skewered by reviewers for his performance in “Blade:Trinity,” then last year being sentenced to three years in federal prison after evading taxes, you would think the drama would slow down for this actor, or that he himself would make better decisions. But that would have been too easy. It now seems that after Mr. Snipes decided it would be a good idea to evade the paying of his taxes, he also thought it brilliant to invest the money he skimmed off of the government with a firm out of Britain by the name of Imperial Consolidated, run by Lincoln Fraser and Jared Brook. Now, as October fleshes out, news has broken that these two men went on trial at the end of last month, in England, on charges of their company bilking investors out of $400 million. At this point, the scheme is still “alleged,” but the rumor is that Snipes has lost millions in the process of getting entangled with these two.

photo credit: nicogenin

Snipes has managed to stay out of jail thus far, as the court allowed him to stay free during the appeals process, but he was not able to avoid the hefty fines that come with tax evasion.  And with three years in federal prison looking him the eye, and likely millions lost to a couple of crooks, maybe this time he will get the message that despite the saying otherwise, crime indeed does not always pay.