With her husband already having 
plead guilty
to wire fraud two months ago, it was only a matter of time before his wife Connie Apostelos buckled.

While William Apostelos is credited as the mastermind behind
Genesis Acquisitions
, federal prosecutors alleged his wife was also involved.

In a thirteen page guilty plea, Connie Apostelos acknowledges her involvement but denies she was a conspirator in the $70 million Ponzi scheme.

Connie Apostelos (right) pleaded guilty to money laundering, after prosecutors tied her to a $224,747 deposit of stolen investor funds.

According to court documents, the couple was spending $35,000 per month on Connie’s horse racing company and $400 per month on Victoria’s Secret lingerie.

Apostelos’ guilty plea sees her facing up to ten years in prison and a fine of up to almost half a million dollars. Her sentencing has been scheduled for August 2nd.

William Apostelos is facing up to fifteen years in prison and is scheduled to be sentenced on June 30th.

Trust attorney
Steven Scudder
has also been charged with aiding and abetting wire fraud. Scudder pleaded guilty and is scheduled to be sentenced on June 9th.

Stay tuned…

Update 1st July 2017 – 
sentenced
On July 30th William Apostelos was to fifteen years in prison.

🤖 Quick Answer

Who is Connie Apostelos and what crime did she plead guilty to?
Connie Apostelos is the wife of William Apostelos, mastermind of the Genesis Acquisitions fraud scheme. She pleaded guilty to money laundering after being linked to a $224,747 deposit of stolen investor funds connected to a $70 million Ponzi scheme. She denies conspiracy involvement but acknowledges participation in the illegal activities.

What evidence connected Connie Apostelos to the Genesis Acquisitions scheme?
Federal prosecutors documented the couple's lavish spending patterns, including $35,000 monthly expenditures on Connie's horse racing company and $400 on Victoria's Secret purchases. Court documents and financial records established her direct involvement in handling stolen investor funds, leading to her guilty plea for money laundering charges.

What are the potential consequences Connie Apostelos faces?

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