Banking

Gastonia man charged with securities fraud

Micah Christopher Wilson
Micah Christopher Wilson Gaston County Sheriff’s Office

Agents from the N.C. Secretary of State’s securities division this week charged a Gastonia man with four felony counts for allegedly defrauding victims of hundreds of thousands of dollars.

Micah Christopher Wilson, 59, has been charged with two counts of felony securities fraud and two counts of obtaining property by false pretenses, the secretary of state’s office said Friday.

Investigators allege Wilson deceived multiple victims in Gaston and surrounding counties into investing money with him and his company, Creative Financial Concepts.

Wilson guaranteed investors they would earn at least 8-percent interest, but instead used the money for his own personal use or to make payments to other investors, the secretary of state’s office said. Wilson, who is now in the Gaston County jail under a $1 million bond, also failed to tell investors that he was not registered to sell securities.

Secretary of State Elaine Marshall said the investigation is ongoing and urged potential victims to call the securities division at 1-800-688-4507. Her office worked with the Burke County Sheriff’s Office, the Cleveland County Sheriff’s Office and the Gastonia Police Department on the case.

The Gaston County Clerk of Courts said no attorney was listed for Wilson, and a voicemail at his home was not accepting messages.

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