Michigan woman convicted in investment scheme - WNEM TV 5

Michigan woman convicted in investment scheme

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Shawn Dicken Shawn Dicken

A Michigan woman been convicted in an investment scheme authorities say defrauded senior citizens out of more than $2 million.

A Midland County jury on Thursday convicted 40-year-old Shawn Dicken of Bay City of nine felony charges for her role, including conducting a criminal enterprise. She was acquitted on one count of fraudulently selling securities. Sentencing is May 8.

Defense lawyer Jason P. Gower tells The Bay City Times he disagrees with the findings. He says Dicken was a whistle-blower.

Dicken was employed starting in 2011 in sales for The Diversified Group Advisory Firm LLC, a former investment company owned by Joel Wilson. Attorney General Bill Schuette's office announced in January that Wilson was arrested in Germany.

Schuette warns people to be wary of "too good to be true" investments.

Copyright 2014 Associated Press. All rights reserved.

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