A Troy man pled guilty on Tuesday to federal mail fraud charges.
Hinson convinced victims to give him money while promising future financial benefits, which Hinson had no ability to follow through on due to his lack of any significant assets. He acted to deliberately take his victims’ money for his own use.
The victim attempted to contact Hinson demanding their money back, but to avoid legal action Hinson posed as a New York attorney over the telephone and stated Hinson would receive the proceeds of an $11 million loan and threatened to bankrupt the victim by opening a competing business. This isn’t the first time Hinson has been involved in fraudulent activity, as he failed to let his victims know of his previous securities fraud convictions, including convictions on Alabama securities fraud charges as recently as March and April 2022.
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