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NC banker facing new tax evasion charge

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RALEIGH, NC (AP) -- A former Raleigh banker accused of running a multimillion-dollar Ponzi scheme has now been charged with federal tax evasion.

WRAL-TV reports Tuesday that a federal complaint filed recently accuses 62-year-old William Wise of owing more than $1 million in back taxes on more than $3 million in unreported income. Wise used to live in Raleigh but disappeared in 2009, just as investigators went to his home to seize records and property.

Federal officials say he and another person sold investors close to $130 million in fraudulent certificates of deposit, and that investors lost more than $75 million. Wise was indicted in March on charges including mail fraud, wire fraud and money laundering. He ended three years on the run a month later, surrendering to federal authorities in San Francisco.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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