Cincinnati Man Arrested for $1 Million Investment Scam

Crime News

Cincinnati Man Arrested for $1 Million Investment Scam
INVESTMENT SCAMGRAND THEFTTELECOMMUNICATIONS FRAUD
  • 📰 cbsaustin
  • ⏱ Reading Time:
  • 74 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 51%

Cody Winn, 27, from Batavia, Ohio, was arrested on 93 charges, including 62 counts of grand theft, for allegedly running an investment scam through his YouTube channel and a fake business called Market Modern LLC. Winn promised investors quick returns through Amazon storefronts but allegedly kept their money.

A man from Greater Cincinnati was arrested and charged with 93 total counts including 62 counts of grand theft for a scam that allegedly earned him nearly $1 million. According to the Clermont County Sheriff's Office (CCSO), 27-year-old Cody Winn was arrested on Dec. 26 on 93 charges: 62 counts of grand theft and 31 counts of telecommunications fraud. The CCSO said it was notified by a police department in California regarding a possible scam being run out of Batavia, Ohio on Oct. 17, 2023.

A resident of Orange County, California had alerted police of a person named 'Cody Clay' who was supposedly working for a business called Market Modern LLC, CCSO said. The victim said Clay offered them an investment opportunity with little risk and that they would receive their money back and begin making a profit within months. Unfortunately the victim only realized they were allegedly being scammed after giving Clay $25,000 to open an Amazon store. The victim told police that they attempted to reach Clay about getting a refund after the Amazon store seemed to not be making money, but Clay was unreachable. Initial investigations led the CCSO to Cody Winn, a Batavia resident who they claimed was the real identity of 'Cody Clay.' Winn allegedly ran a YouTube channel to market his 'business plan to potential clients,' the department said. Police said that they learned Winn would take money from 'investors' and sent the funds to a 'global e-commerce company operating across multiple countries' to manage the money. Authorities said that the Amazon storefronts were actually created, but that Winn did not send the money that they made back to the investors. 31 victims who were contacted (or 'investors') claimed they gave Winn between $25,000 and $60,000 and received nothing in return, police said.Winn stole a grand total of $965,500 from victims in 16 different states, police said. He would allegedly spend between $50,000 and $365,000 per month

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

cbsaustin /  🏆 595. in US

INVESTMENT SCAM GRAND THEFT TELECOMMUNICATIONS FRAUD YOUTUBE AMAZON

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Report: Cincinnati Bearcats Football's Brendan Sorsby Returning to Cincinnati in 2025Report: Cincinnati Bearcats Football QB Brendan Sorsby Returning to Cincinnati in 2025
Read more »

Look: Cincinnati Bearcats TE Joe Royer Returning to Cincinnati For 2025 SeasonLook: Cincinnati Bearcats TE Joe Royer Returning to Cincinnati For 2025 SeasonLook: Cincinnati Bearcats Football TE Joe Royer Returning to Cincinnati For 2025 Season
Read more »

Bengals WRs Ja'Marr Chase, Tee Higgins Discuss 'Hard to Process' Season From CincinnaBengals WRs Ja'Marr Chase, Tee Higgins Discuss 'Hard to Process' Season From CincinnaCincinnati Bengals WRs Ja'Marr Chase, Tee Higgins Discss 'Hard to Process' Season From CincinnatI'
Read more »

Watch: Current, Former Bengals Reunite Following Cincinnati's Win Over TennesseeWatch: Current, Former Bengals Reunite Following Cincinnati's Win Over TennesseeWatch: Current, Former Cincinnati Bengals Reunite Following Cincinnati's Win Over Tennessee
Read more »

Man arrested after accidentally shooting, killing man while trying to shoot skunkMan arrested after accidentally shooting, killing man while trying to shoot skunkA man was arrested after accidentally killing another man while trying to kill a skunk.Darren James Ence, 39, is facing one class A misdemeanor count of neglig
Read more »

Man, 30, arrested for allegedly shooting other man near Coors FieldMan, 30, arrested for allegedly shooting other man near Coors FieldSydney Isenberg is an Emmy-nominated digital content producer with Denver7 (KMGH) in Denver, Colorado. She began her career in Bakersfield, California, after graduating from the Walter Cronkite School of Journalism and Mass Communication at Arizona State University in 2018.
Read more »



Render Time: 2025-02-14 18:37:05