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Shomo competency being evaluated




ROANOKE – A Pulaski County businessman accused of running a Ponzi scheme on investors is being evaluated for competency to stand trial.

Charles G. Shomo, 64, was slated to appear in U.S. District Court for the Western District of Virginia in November, but the case was continued. No new court date has been set.

Monday, Brian McGinn, a spokesman for the Western District U.S. Attorney’s Office, said court records show Shomo has been transferred to a facility in North Carolina for a competency evaluation.

Shomo, who operated scooter shops in downtown Pulaski and Fairlawn, recently was indicted by a federal grand jury for allegedly bilking business investors out of more than $590,000. He faces three counts of mail fraud, two counts of securities fraud and one count of money laundering.

Authorities allege Shomo used funds obtained from investors for “personal expenses and to help fund an unrelated scooter business.” Spokesman Brian McGinn said the scooter shop in question was Chubber’s Scooters, which were located in Pulaski and Fairlawn.

The fraud and money laundering crimes are alleged to have occurred between December 2006 and June 2013.

An indictment is a finding enough evidence exists to hold a trial. It is not a finding of guilt.

One Response to Shomo competency being evaluated

  1. Lola

    December 18, 2013 at 11:24 am

    I would think it takes a high level of competence to con people out of 590k.