Sharif, who also went by the name "Adam Ford," operated a website (phoniexgoldllc.com) where he advertised gold and other precious metal products for sale. After receiving money from customers, Sharif did not send the purchased products and spent the money on luxury vehicles, real estate, and other goods.
If convicted, the defendant faces a maximum possible sentence of 20 years' imprisonment, three years' supervised release, a USD 250,000 fine, and a USD 100 special assessment.
The case was investigated by the Federal Bureau of Investigation and Philadelphia Police Department, and it is being prosecuted by Assistant United States Attorney David L. Axelrod.
An indictment or information is an accusation. A defendant is presumed innocent unless and until proven guilty.
--IBNS (Posted on 13-08-2013)