![El Paso Mayoral Candidate’s Brother Indicted in Ponzi Scheme](http://townsquare.media/site/62/files/2023/12/attachment-GettyImages-84611044-11.jpg?w=980&q=75)
El Paso Mayoral Candidate’s Brother Indicted in Ponzi Scheme
The brother of one of the announced candidates in the El Paso Mayoral race has been indicted by a federal grand jury for allegedly running a multi-million dollar pyramid scheme by falsely claiming to be an NBA promoter.
The El Paso candidate is Renard Johnson and the El Paso Times article does identify the man, 61-year-old Timothy France Johnson, as the “estranged” brother of candidate Renard Johnson.
To be 100% clear…Renard Johnson “has not been implicated in playing any role in the alleged crime”.
The case is interesting, nonetheless. According to the indictment, Tim Johnson presented himself as a third-party promoter for the National Basketball Association. The alleged Ponzi scheme involved convincing “Unwary investors” to give him money for NBA pre-season exhibition games.
![93.1 KISS FM logo](https://townsquare.media/wp-content/uploads/2019/05/KSIIFM.png?w=100)
The indictment says Tim Johnson robbed investors of more than $3 Million between 2009 and 2020. There were “at least 30 investors” who were defrauded. Short version: he didn’t work with the NBA and no preseason games were ever planned or negotiated.
Candidate Renard Johnson told our news partners at KVIA, “Like the rest of the public, I learned recently that my estranged brother has been indicted. I have not seen or spoken to him in many years. I have full confidence that our judicial system will resolve these allegations.
Renard was the first announced candidate for the 2024 mayoral race. He has been joined by City Representative Cassandra Hernandez and El Paso resident Marco Contreras.
Several other names have been bandied about but so far those three are the only official candidates as of press time.
KEEP READING: Get answers to 51 of the most frequently asked weather questions...
More From 93.1 KISS FM
![Popular New Years Resolutions Most El Pasoans Should Avoid](http://townsquare.media/site/62/files/2022/12/attachment-GettyImages-72908803.jpg?w=980&q=75)
![Soar into Adventure with these Ziplining Adventures Near El Paso](http://townsquare.media/site/62/files/2022/12/attachment-nadiia-ganzhyi-LGeVDlR8oUk-unsplash.jpg?w=980&q=75)
![This Bakery In Texas Sells a Cake that is 24 Pounds](http://townsquare.media/site/62/files/2022/12/attachment-three-bros-1.jpg?w=980&q=75)
![Winter Weather Is Coming To El Paso Just In Time For Christmas](http://townsquare.media/site/63/files/2020/12/RS34762_GettyImages-637219724-scr.jpg?w=980&q=75)
![Weird, Non Traditional Christmas Cards El Pasoans Might Give](http://townsquare.media/site/62/files/2022/12/attachment-GettyImages-78564839.jpg?w=980&q=75)
![2 El Paso Neighbors Make Must See List Of Spots In Texas](http://townsquare.media/site/62/files/2022/12/attachment-GettyImages-106431194.jpg?w=980&q=75)
![El Paso’s Top Google Searches for 2022 Include Dispensaries and Cats](http://townsquare.media/site/62/files/2022/12/attachment-firmbee-com-eMemmpUojlw-unsplash.jpg?w=980&q=75)
![Venezuelan Migrants Use Music As Form Of Refuge While Rapping For El Paso Reporter](http://townsquare.media/site/63/files/2022/12/attachment-IMG_2359.jpg?w=980&q=75)