Doyce Barnes sentenced to 4 yrs prison for I2G Ponzi fraud
Infinity2Global executive Doyce Barnes has been sentenced to four years in prison.
Barnes sentencing follows a jury finding him guilty on mail fraud and securities fraud charges.
Barnes, along with co-defendants Richard Maike (right) and Faraday Hosseinipour, filed for an acquittal and new trial after their September conviction. The motion was denied prior to sentencing.
Maike, founder of Infinity2Global, was sentenced to 10 years in prison earlier this week. Hosseinipour is scheduled to be sentenced on January 5th.
The restitution component of Maike’s, Barnes’ and presumably Hosseinipour’s respective sentences, will be ruled on at a February 2nd hearing.
Although a date hasn’t been set yet, remaining I2G defendants Dennis Dvorin and Jason Syn have yet to stand trial.
In the interests of judicial efficiency, Dvorin and Syn were “severed” from the primary I2G trial back in July.
It is expected Dvorin and Syn will stand trial sometime after February 2023.
Update 7th January 2023 – Faraday Hosseinipour has been sentenced to 2.5 years in prison.
Update 4th February 2023 – Restitution is looking to be a bit more complicated than a one-off hearing.
The February 2nd restitution hearing was held as scheduled. The US has been given till February 23rd to file a restitution brief. After that Maike, Barnes and Faraday have three weeks to file a reply (~March 16th).
Sometime after that the court will issue a restitution order. I don’t know exactly when that’ll be but I’ll continue to monitor the criminal dockets for updates.
Update 14th October 2023 – Faraday Hosseinipour and Doyce Barnes have appealed their conviction.
Would love to see her mug shot. Fukin scammers.
Doyce barnes NC business…
pinterest.com/pin/about-barnes-jewelers–290763719672997550/
So Barnes has been a jeweler since at least 2009. Other than the usual greed, I wonder what possessed him to turn to MLM Ponzi scamming.
I think he just got sucked into the Maike revolution and didn’t realize he was doing criminal activity, maybe.
Barnes was on calls but never did meetings, that I know of. I think there was a lot he did not know was going on.
From my understanding Barnes only made a little over 300.000.00, you might know more about that. Looks like his son in the pic with Barnes.
Yeah the original indictment pegged Barnes at $325,000.
Imagine running a presumably successful business for over a decade (that’s still going), being 73 years old and getting put away for 4 years for $325,000.
RIP brain cells.
Truly sad! Wow 73 did not now that. I wonder where he will do his time Kentucky or NC. Or even if he lives through the time. No question Maike made a believer out of him.
Like u said… Imagine running a presumably successful business for over a decade (that’s still going), being 73 years old and getting put away for 4 years for $325,000. My answer… I CANT!
Jewellers are a favoured target for money launderers. Dodgy money goes in, the money is hidden within the profits made by selling shiny stones to people at massive markups (either by selling stones to the crooks at inflated prices, or fiddling the figures for genuine purchases), clean money comes out.
Whether that’s how Boyce got involved, who knows.
Running a jeweller’s doesn’t necessarily mean you’re well off. Maybe Boyce never put any money into his pension fund and Infinity2Global was meant to be his ticket to retirement.
Maybe it wasn’t profitable in the first place, which would put Boyce in the same financial position as any other get-rich-quick schmuck thinking they’ve got an easy way out of their 9-to-5.
So who’s left??? Seemms all are going down!!!
What will Faraday get?? the only women in the mix?
I truly believe he didn’t know what he was involved in. He doesn’t own Barnes Jewelers anymore, his son does.
If you were a top Infinity2Global promoter that followed to Global1Entertainment, you knew exactly what was going on.