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Pastor, Partner Must Pay $9M To Settle Fraud Allegations

Law360 (March 12, 2018, 7:35 PM EDT) -- A Florida federal judge on Monday ordered a fund run entirely by a North Carolina man and a convicted pastor-turned-fraudster to pay $9 million to settle claims it duped Florida churchgoers and their associates out of $2 million.

The settlement with the U.S. Commodity Futures Trading Commission resolves claims against the corporate entity Maverick International Inc., its sole officer Edward Rubin and Wesley A. Brown, the two men accused of soliciting investors into a pooled fund that they then entirely embezzled. U.S. District Judge Brian J....
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Case Information

Case Title

United States Commodity Futures Trading Commission v. Brown et al


Case Number

3:15-cv-00354

Court

Florida Middle

Nature of Suit

Securities/Commodities

Judge

Brian J. Davis

Date Filed

March 30, 2015

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