Charles Huggins was a music producer who worked with the likes of Whitney Houston and Kenny G. He is also the ex-husband of singer/actress Melba Moore.
More notoriously, Huggins was just sentenced to 10 years for a multimillion-dollar investment scam. He was found guilty of swindling dozens of investors around the country. A Manhattan Federal Court Judge Sidney Stein sentenced the 69-year-old on fraud and conspiracy charges.
Huggins is accused if stealing millions of dollars from his victims while telling them their money was being invested in gold and diamonds from Africa, according to court papers. He used the investment money to finance his lavish lifestyle, including a Mercedes-Benz, a high-end Manhattan apartment that he rented for $7,200 a month, as well as meals at upscale restaurants, prosecutors said.
Also, as in a Ponzi scheme, some of the investors’ money went to pay other investors.
Among his victims was Dallas Cowboys legend Emmitt Smith, reports The New York Daily News.
In all, Huggins collected more than $8 million from investors. As part of the verdict, Huggins was also ordered to pay $2.3 million in forfeiture and restitution.
And as of earlier this year, Moore said she was standing behind her husband depite a divorce proceeding in which she claimed he left her homeless and she lost custody of her child. “I know the time he’s facing will be a death sentence,” Moore told in New York Post in February. “So hopefully I can help him through this. Everyone deserves a chance.”