A Yadkin County stockbroker has pleaded guilty in a Ponzi scheme case that totaled $1.4 million, federal prosecutors said.Charles Caleb Fackrell, 36, of Boonville, pleaded guilty Tuesday to one count of securities fraud. Fackrell was detained following the plea, though a sentencing date has not yet been set.Prosecutors alleged Fackrell took money from at least 20 investors in Wilkes County and elsewhere between May 2012 and December 2014. While Fackrell told victims that the money would be invested in gold and other precious metals, most of the money actually was used for personal expenses, prosecutors alleged.About half the money obtained was used to pay other investors in the scheme, prosecutors alleged.Prosecutors also alleged Fackrell had a third party destroy a computer to try to hide the scheme.Yadkinville police allege Fackrell defrauded customers with Fackrell/Trivette Wealth Management at 604 Tennessee St. in Yadkinville.Fackrell faces a sentence of up to 20 years in prison and a fine of up to $5 million.

A Yadkin County stockbroker has pleaded guilty in a Ponzi scheme case that totaled $1.4 million, federal prosecutors said.

Charles Caleb Fackrell, 36, of Boonville, pleaded guilty Tuesday to one count of securities fraud. Fackrell was detained following the plea, though a sentencing date has not yet been set.


Prosecutors alleged Fackrell took money from at least 20 investors in Wilkes County and elsewhere between May 2012 and December 2014. While Fackrell told victims that the money would be invested in gold and other precious metals, most of the money actually was used for personal expenses, prosecutors alleged.

About half the money obtained was used to pay other investors in the scheme, prosecutors alleged.

Prosecutors also alleged Fackrell had a third party destroy a computer to try to hide the scheme.

Yadkinville police allege Fackrell defrauded customers with Fackrell/Trivette Wealth Management at 604 Tennessee St. in Yadkinville.

Fackrell faces a sentence of up to 20 years in prison and a fine of up to $5 million.