Florida Office of Financial Regulation

Former Associate Pastor Convicted of Investment Fraud

01/27/2017

For Immediate Release                               
January 27, 2017
 
Media Contacts:
Jamie Mongiovi (850) 410-9709
Katie Norris (850) 410-9826
Twitter: @FlFinancialReg
 
Former Associate Pastor Convicted of Investment Fraud
 
Tallahassee, Fla. – The Florida Office of Financial Regulation (OFR) today announced that Wesley Alan Brown was found guilty of 19 felony charges, including organized scheme to defraud, for his role in an investment scam. Brown faces up to five years in prison for each felony conviction, and up to 30 years in prison for the organized scheme to defraud conviction. He was remanded into the custody of the Flagler County Jail to await sentencing.
 
Commissioner Drew J. Breakspear said, “Thank you to OFR’s investigators, the Flagler County Sheriff’s Office, the Flagler County State Attorney’s Office and the Commodities Futures Trading Commission for their diligent work on this case. The OFR will continue to work with state and federal partners to bring financial criminals to justice.”
 
Brown, who was a former associate pastor at a Flagler Beach area church, solicited church members to invest in the stock of Maverick International, Inc., telling them that Maverick was a diversified private company that invested in precious metals and commodities. He also told victims that investments in the company had no risk and had high growth potential. However, the investigation revealed that Brown deposited at least $60,000 of investors’ money into his personal account and that Maverick paid his personal credit card bills, totaling more than $84,000.
 
If you feel that you may be a victim of fraud or to report suspicious activity, please file a complaint with the OFR online, www.flofr.com, or call (850) 487-9687.
 
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