09/16/2026
Case Update: Edwin Emmett Lickiss, Jr., who pleaded guilty to one count of wire fraud and one count of money laundering in connection with a decades-long Ponzi scheme, was sentenced today to nine years in federal prison. Lickiss, 78, of Danville, California, admitted that he defrauded at least 93 victims of over $9.5 million from 1998 through September 2024. As part of the scheme, Lickiss said that he would invest victims’ money in exclusive, tax-free bonds that offered rates of return up to 30%. Lickiss also claimed that members of his own family had invested in the bonds, that he charged no investment fees because he had already profited so substantially, and that investors could redeem their money at any time. In fact, the bonds did not exist. Lickiss funneled money from later victims to pay earlier investors, consistent with a Ponzi scheme. He also siphoned victim funds to pay personal expenses, including cash withdrawals, home renovations, travel, and payments on vehicles, mortgages, and personal credit cards.
