The ex-husband of R&B singer Melba Moore was convicted of running a multi-million dollar investment scam on Friday.
Charles Huggins, 68, of Edgewater, NJ, faces up to 40 years in prison when he’s sentenced in January. Prosecutors had charged that between 2008 and 2011, Huggins conned dozens of investors into believing he was using all of their money to mine gold and diamonds from Sierra Leone and Liberia – while in reality, he was using the vast majority of the cash to fund his own lavish lifestyle.
That included a $7200 a month apartment on Sutton Place, upkeep of his Mercedes-Benz, paying off his credit card and restaurant bills, and snapping up fancy clothes.
He also used hundreds of thousands of dollars in in investors’ funds on his own record company, and doled out tens of thousands of dollars of their cash to his relatives, the feds said.