Two women have been indicted by a federal grand jury in Colorado on charges related to a multi-million dollar fraud scheme. Chrisheena Shante McGee, also known as Christina Marius, 47, and Sandra Pierce Bacon, 71, face 12 counts of wire fraud and aiding and abetting wire fraud.
According to the indictment, from May 2019 to March 2021, McGee, Bacon, and others allegedly carried out a scheme to defraud victims by making false promises about large loans. The indictment states that McGee told entities seeking loans that she could provide funding up to $150 million if they paid an advance fee—typically around 10% of the total loan amount—into an escrow account managed by Bacon. It is alleged that both McGee and Bacon claimed these advance fees would be held in escrow until the loans were funded.
The indictment further alleges that at least ten victims entered into escrow agreements and paid approximately $14.8 million in advance fees based on these representations. Instead of holding the funds as promised, McGee and Bacon are accused of using the money for other purposes, including buying properties and repaying earlier victims in a manner similar to a Ponzi scheme.
"This case is being investigated by the Federal Bureau of Investigation. This case is being prosecuted by Assistant U.S. Attorney Craig Fansler."
Authorities remind the public that "the charges contained in the indictment are allegations and the defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt."
Case Number: 23-cr-00472-DDD
