The owner of a Wisconsin fuel company has pleaded guilty to three counts of wire fraud in federal court, admitting he defrauded investors out of nearly $6.3 million and used the funds to charter private jets, visit nightclubs and rent villas.
Blessing K. Egbon, 35, of Milwaukee, CEO of Exit 7c, admitted to devising a scheme to provide current and potential investors with fake revenue and profit figures and forged bank statements for his fuel services business, according to his plea agreement...