Moyo is guilty on all fraud charges- She faces 20 years in prison
by Paul Rioux - Times-Picayune (excerpt)

A jury found Gwendolyn Moyo guilty Tuesday on all charges in her federal fraud trial, the third conviction in an international financial scam that brought down former state Sen. Derrick Shepherd, who pleaded guilty and resigned his Senate seat days before the trial began last week.

Moyo, a bond broker with two previous convictions who represented herself during trial, displayed no emotion as she sat at a table taking notes while a clerk spent nearly 10 minutes reading the verdict.

The jury of six men and six women deliberated for 10 hours over two days before convicting Moyo on 41 counts of fraud, conspiracy and money laundering for selling more than a dozen bogus construction bonds, netting about $2 million in illegal proceeds.

Moyo was not allowed to speak to reporters, but she released a one-page handwritten statement saying she respects the jury's verdict but condemns the government for discriminating against her because she is black.