This week, it was announced that 31-year-old Timothy Paul Hamilton Jr. (TJ Hamilton) of Dallas, Texas had pleaded guilty to conspiracy to commit wire fraud in relation to a scheme to defraud investors of $875,300. 53-year-old Gena Catherine Hamilton and 56-year-old Timothy Paul Hamilton pleaded guilty to giving a false statement to a financial institution. Timothy Hamilton Jr. admitted to promoting false investment opportunities for business ventures that were supposedly going to produce and market sportswear and nutritional supplements.
During the time of the crime, the defendant resided in Oklahoma. TJ Hamilton established and claimed to be President and CEO of multiple companies. Some of the companies were created to promote sportswear, while others claimed to create supplements that would improve the user’s metabolism. TJ’s parents, Gena and Timothy, were managing members of the companies.
After receiving the investors’ funds, the Hamiltons used the money for their personal gain. A lot of the money was used to further TJ’s country music career ambitions. As a part of his plea deal, TJ Hamilton has agreed to forfeit $869,300. He is scheduled to be sentenced on December 13, 2018. Gena and Timothy Hamilton are scheduled to be sentenced on the same day. Further details have been made available here.
