(WSFA) - It's hard to believe, but a woman who says she d ropped out of school in ninth grade admits she defrauded about $800,000 from unsuspecting investors.
How did she do it?
Investigators say the suspect stole the identity of a high ranking banking official, then used her sales background to develop a sophisticated web of lies and deceit.
Amy Brook Wilkerson is heard on one recording telling a client "maybe there's going to come another situation where there's gonna be two or three IPO's on one day that are all very good candidates."
The problem: she has no financial background.
Twenty victims lost more than $800,000. Postal Inspectors say she was very convincing.
"She educated herself through the use of the Internet with the language, with the verbiage, with the terms used typically in investing in the stock market. To the point where she duped a lot of victims and took their money," said U.S. Postal Inspector Vivian Guerrero.
Postal Inspectors emphasize the importance of due diligence and research. They encourage you to look up the information yourself.
Wilkerson pleaded guilty to 29 counts of wire fraud and one count of aggravated identity theft. She was sentenced to more than six years in prison and ordered to pay almost $500,000 in restitution.