Charles H. Evans, Jr., of Jackson, Mississippi was sentenced on December 19, 2011 to serve 20 years
in federal prison. Brother and co-conspirator, Jon Christopher Evans, also of Jackson, was
sentenced to 14 years in prison.
The Evans brothers ran what was billed as the largest real estate Ponzi scheme in Mississippi history. They would purchase tracts of vacant land, and then subdivide and resubdivide, obtaining mortgages on real and fictitious pieces of real estate. Charles prepared title opinions and certificates of title on the fictitious land to perpetuate the fraud. They would get new mortgages to service the debt on the old mortgages, as well as put some in their pockets. Their fraud has involved eighty million dollars in loans, fifty lending institutions, and thirty shell corporations they created to hide their activities. All this in only six years.
Charles and Jon will be 77 and 67, respectively, when they reenter society.