STANFORD - Twelve people were indicted by a Lincoln County grand jury Monday, including a man charged with running an investment scam that swindled thousands from Stanford residents.
Janssen D. Willhoit was arrested in June after police say he lured several Stanford citizens into substantial investing in his false investment company, NET City.
The grand jury charged Willhoit with three counts of fraudulent acts pertaining to securities, three counts of failure to register as a broker/dealer, three counts of failure to register securities and three counts of theft by deception more than $300.
Stanford police Detective Rick Edwards was the grand jury witness. Bond for Willhoit was set at $100,000 cash. Arraignment is scheduled for 10 a.m. Sept. 10 in Lincoln Circuit Court.