- William Chadwick Jones was arrested while behind the wheel of his new whip.
- The 19-year-old opened a business bank account and deposited five fake checks.
- He also used the money to pay the retainer for a criminal attorney.
We’d all love to own a Porsche. It’s sleek, fast, and very much out of reach for most wallets. But if you’re 19 and living in Georgia, there are definitely better ways to go about getting one than depositing half a million dollars in fake checks. William Chadwick Jones learned this the hard way after he was arrested for allegedly pulling off a six-figure fraud scheme and spending part of the money on a Porsche.
According to police, Jones opened a business account at Synovus Bank in Alpharetta, Georgia, back in January. Using mobile banking, he managed to deposit five counterfeit checks totaling $545,770.97 into his newly opened account. Yes, over half a million dollars. No, it didn’t work.
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Authorities say that the funds were then dispersed through several wire transfers, peer-to-peer payment platforms, and debit card transactions. Jones likely thought he had masterminded the ultimate get-rich-quick scheme. He even used some of the money to pay the retainer for a criminal attorney for a separate case of fraud he was involved in in Forsyth, Georgia.
He then, of course, used some of the money to buy a new Porsche, although we don’t yet know which model he got behind the wheel of. Police arrested Jones while he was behind the wheel of the Porsche.
The case was referred to the Columbus Georgia Police Department in March 2025 because that’s where Synovus Bank is headquartered. He has been charged with Theft by Taking, a felony that can carry significant prison time, according to The Latin Times.
It’s not unusual for premium cars to be at the center of huge cases of fraud. In March, it was revealed that the chief executive of Revolve, Michael Mente, had paid $5.4 million to a fraudster to acquire a Mercedes-AMG One. As it turned out, the claimed seller was Traveon Rogers, who lured Mente into the deal, despite not having an AMG to sell. Incredibly, this was the second time Rogers had fooled someone into paying him for an AMG One, as in a separate case, he allegedly obtained $3.19 million in the deal.
