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Press Release

David Christopher Mayhew Convicted Of Conspiracy, Mail Fraud, And Money Laundering

For Immediate Release
U.S. Attorney's Office, Eastern District of North Carolina

WILMINGTON – United States Attorney Thomas G. Walker announced that today in federal court before Senior United States District Judge James C. Fox, a jury convicted DAVID CHRISTOPHER MAYHEW , 43, of Conspiracy, Wire Fraud, Mail Fraud, and Money Laundering.

MAYHEW was named in a Superseding Indictment filed on July 2, 2014.  He was originally indicted on July 9, 2013.  His co-defendant, Ronald McCullough, has not yet been located and arrested on the charges.

Assistant United States Attorney David A. Bragdon stated: “MAYHEW used trust in himself and trust in others to deprive victims of money, money that many of them had taken a lifetime to save.”

“Few betrayals are as devastating as being the victim of investment fraud. David Mayhew and Ronald McCullough preyed upon people’s trust and financial stability for the sake of greed,” said Thomas J. Holloman, III, Special Agent in Charge, IRS Criminal Investigation.  “Today’s jury verdict with respect to Mayhew, delivers a measure of justice to those victimized. IRS Criminal Investigation remains committed to the pursuit of those who profit at the expense of innocent victims, through criminal activity.”

At trial, the Government presented evidence that MAYHEW was involved in an investment fraud scheme that spanned from January 2009 to May 2012 and swindled more than $2,000,000 from investors, promising them returns as much as 100% in 30 days.  One victim testified that he had lost his family’s house as a result of the fraud.  Two other victims testified that they had to back out of contracts to purchase property because of the fraud. 

Investigation of this case was conducted by the FBI, the IRS Criminal Investigation, the Postal Inspection Service, and the North Carolina Secretary of State’s Office, Securities Division.  Assistant United States Attorney David A. Bragdon represented the government.

Updated July 14, 2015