Link Express Founder Guilty of Fraud, Money Laundering, Perjury

A West Palm Beach federal court jury on Friday found Johnson guilty on all 28 counts of securities fraud, money laundering and perjury. David J. Joffe, Johnson’s lawyer, said he would appeal the decision.

The jury agreed with prosecutors that Johnson defrauded 400 people who invested $18.9 million in his business by spending almost $6 million on personal expenses including a South Beach nightclub, bodyguards, gambling debts and a friend's breast enhancement surgery. Johnson also gave at least $700,000 to his mother.