by Structured Settlement Watchdog
Mike Woodyard, a former structured settlement broker from North Dallas, is finally home and pleaded not guilty on July 18, to the criminal wire fraud and related charges he was indicted for in April 2016. Woodyard was ordered remanded as a serious flight risk, having demonstrated that with over a year on the lam.
United States of America v Wesley Michael Woodyard United States District of North Texas case 3:16-cr-00156
The indictment charges Woodyard with six counts of wire fraud and four counts of engaging in a monetary transaction with property derived from specified unlawful activity. The indictment alleges that Woodyard used the majority of funds from London insurers (that were intended for annuity purchases) for his own personal financial benefit, including paying for personal living expenses, gambling habits, travel expenses, and the purchase of four vehicles, including three Mercedes Benz and one Corvette
