An attorney for Wilson, who is in custody, did not immediately return a telephone message.
The indictment says Wilson ran an investment scheme through his CIC Investment Fund, promising extraordinary returns.
It alleges he urged clients to refinance their homes to raise money for their investments.
Prosecutors say Wilson lost about half the investors’ money in the stock market. He used the rest to pay investors as a way to give the appearance that they were making money.
He also used that money to buy luxury goods for himself. The federal complaint says Wilson made a $400,000 deposit on a home in the suburb east of the state capital, used $118,000 as a down payment on a Lamborghini, a $90,000 deposit on a boat and bought a $25,000 diamond ring.
The government is trying to seize the property.