Michael Winans Jr., a member of the legendary Winans gospel family, has been charged with fraud after authorities uncovered a scam involving more than $8 million and bogus oil bonds.
Winans Jr. is planning to plead guilty to the charges, according to his defense attorney William Hatchett.
The Detroit-bred singer was first accused of the crime in March 2010 by the Office of Financial and Insurance Regulation, who revealed that their 14-month investigation uncovered he was the ringleader in the crude oil bond scam.
The singer now plans to reimburse the victims of his fraud.
“My client has told me it is his full intention to repay or somehow put these people back to where they were before they became involved,” his attorney Hatchett said.
Winans Jr. was a member of the contemporary gospel quartet, Winans Phase 2, which included his cousins Marvin Jr., Carvin III and Juan Winans. The group released one CD, ‘We Got Next’ in 1999.
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