Father and Son Charged with Multi-Million Dollar Investment Fraud and Bank Fraud Scheme

Two men—father and son— were charged today with concocting a scheme that allegedly defrauded individual investors out of millions of dollars and obtained over $900,000 in loans from Alamerica Bank, announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division, U.S. Attorney Jay E. Town of the Northern District of Alabama, FBI Special Agent in Charge Johnnie Sharp, Jr. of the Birmingham Division and Special Agent in Charge Thomas J. Holloman of IRS Criminal Investigation.