Emlyn Mousley
Emlyn Mousley is a free man, but he’s now a convicted felon.
Mousley is the British investment adviser (for lack of a better description) to whom $1 million assembled by a Little Rock credit union president was wired, never to be seen again.
He pleaded guilty to wire fraud last week in federal court in South Carolina. In exchange for pleading guilty to one of the three charges included in a grand jury indictment back in November 2013, Mousley was sentenced to three years of probation. And he was allowed to return to London.
Mousley admitted making calls from Great Britain to South Carolina and Pennsylvania in an unsuccessful attempt to “induce potential investors … to invest funds in bogus investment programs.”
Now, none of this was related to the money that Mousley successfully induced Joyce Judy, former president of the Arkansas Employees Federal Credit Union, and her business partner, former Nascar driver Bob Schacht of North Carolina, to send him back in 2009. He was never charged with any crime for his part in that scam.
Judy, however, pleaded guilty to bank fraud and served time in federal prison because half of the million dollars that was sent to Mousley was stolen from an AEFCU customer.
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