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Deadline Detroit | Ex-Troy Real Estate Broker Gets Prison for Swindling Investors So He Could Bet Millions on the Michigan Lottery
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Troy investor sentenced for spending $1 million of other people s money each week to play lottery
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Former real estate executive Gjonaj pleads guilty to wire fraud, faces about 8 years in prison
Former real estate executive faces up to 8 years in prison
Sentencing scheduled for 2 p.m. June 15
Viktor Gjonaj
A former commercial real estate executive entered a guilty plea in federal court Wednesday to a wire fraud charge as part of a plea agreement in a $26.4 million fraud case.
Viktor Gjonaj, who admitted to his role in a complex scheme that defrauded investors of millions so he could play the Daily 3 and Daily 4 Michigan Lottery games, faces up to 97 months, or about 8 years, in federal prison.
Troy investor spends $1 million of other people’s money each week to play lottery in failed fraud scheme
Viktor Gjonaj accused of losing $19 million of victims’ money
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Troy investor is accused of losing $19 million of other people’s money
in a scheme that involved tricking them into fake investment opportunities and spending more than $1 million per week on Michigan Lottery games.
Viktor Gjonaj, 43, was charged Thursday (Jan. 28) with one count of wire fraud.
Officials said the commercial real estate broker and investor devised a plan to take money from people by making promising them he would invest it in lucrative real estate deals.
Former commercial real estate exec Viktor Gjonaj charged with wire fraud
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