Midlothian Man Gets 12 Years

Accused Of Defrauding 51 People

July 11, 2018 - 5:03 pm
Categories: 

Richmond, VA (wrva.com) - A Midlothian man has been sentenced today to 12 years in prison for defrauding approximately 51 customers of more than $600,000.  Timothy Scott Wenk, 51, of Chesterfield County, owned Premier Consulting Services and Premier Credit Consultants.

According to a press release from the U.S. Attorney's Office, Wenk operated several businesses, including of Premier Consulting Services, Capital Business Services and Premier Credit Consultants, which purported to offer a variety of financial services, including mortgage finance and credit repair services.  Prosecutors say he offered to connect victims who had credit problems to private lenders and “hard money lenders” who would be sources of financing for mortgages for victims.  While Wenk’s relationship with each victim and the misrepresentations he made to them was unique, according to prosecutors, the evidence in the case showed a recurrent theme where Wenk received thousands of dollars for which he did little to nothing in return. 

In addition to the 12-year sentence imposed, the sentencing judge ordered Wenk to pay victims a total of $606,044.99 in restitution.  Wenk pled guilty back in December.