Haskell Knight, a/k/a “Trey Knight,” age 56, and Emily Knight, a/k/a “Emily Ricciardelli,” a/k/a “Emily Fryer,” age 37, both of Franklin, Tennessee, were recently charged with conspiracy to conduct wire fraud and wire fraud by a federal grand jury.
According to the indictment, Haskell Knight and Emily Knight, a husband and wife who lived in Texas and Florida, pretended to start a new business beginning in March 2016. Haskell Knight was in charge of raising investment capital, while Emily Knight was in the bank account order. The company was named Udoxa, and it was purportedly in the business of selling nutritional supplements.
The Knights were able to raise $200,000 thanks to four investors, who each gave $50,000. Adoxa, on the other hand, was only a paper company that never sold anything. Haskell Knight sought capital under pretenses and subsequently did little to implement the company plan.
Knight lied about the presence of a wealthy investor, accessible formation money, and the startup’s strength to secure investment, and then failed to use the cash as agreed.
Emily Knight took $100,000 in wire payments from two investors, one from Baton Rouge. Part of the money was used to pay off past business obligations and personal costs. The other two investors’ $100,000 was not placed into the Udoxa account and went missing.
The Federal Bureau of Investigation is investigating the case, and Assistant United States Attorney Brian K. Frazier, who also serves as Chief of the Criminal Division, is prosecuting it.