Swindler Sentenced to Federal Prison over $ 6.8 Million Title Fraud Scheme | USAO-WDTX
AUSTIN – A federal judge today sentenced Christopher Matthew Meredith, 45, of Shawnee, Kansas, to 14 years in federal prison for his scheme to defraud investors over $ 6.8 million.
In addition to the jail term, U.S. District Judge Robert Pitman ordered Meredith to pay $ 6,820,510.50 in restitution and be released on probation for a period of three years after completing her prison term. . Following today’s hearing, Judge Pitman has placed Meredith in the custody of the US Marshals Service to begin serving her prison sentence.
“This con artist targeted dozens of retirees and other investors who resided in the Brenham area as well as other parts of Texas and the country. He got millions of dollars through blatant lies and then funded his lifestyle with their money, ”said US lawyer Ashley Hoff. “I commend prosecutors and our partners at the FBI and the Texas State Securities Board for bringing Meredith to justice and providing her victims with a closure measure.”
On January 8, 2020, Meredith pleaded guilty to one count of securities fraud. According to court documents, Meredith solicited investors for her company, Strategic Pharma, Inc. (SPI), under false pretenses from January 2015 to March 2017. Meredith told investors that SPI had deals, business transactions, money and assets, knowing it was wrong. . For example, Meredith intentionally told investors that SPI had made deals with the Department of Veterans Affairs (VA) and Biopharma Services, Inc. that would result in substantial revenue for SPI. Meredith created a forged VA contract and showed it to investors to substantiate her lie. Meredith also failed to disclose to his investors that he was being investigated for a similar investment fraud scheme in Florida, where he ultimately pleaded guilty to robbery. Meredith persuaded investors to give her money in exchange for SPI shares. Then he used the investor funds for his personal benefit, including buying a house, and for the benefit of his parents and associates.
“Due to the relentless investigative efforts of the FBI San Antonio, the Austin White Collar Task Force and the Texas State Securities Board, Meredith will no longer defraud members of our community with their hard-earned dollars,” the agent said. special in charge. Christopher Combs of the San Antonio Division of the FBI. “More than 100 investors have been identified as victims in this case, many of whom have lost their retirement savings. We hope they find some comfort in seeing Meredith brought to justice and held accountable for her model of willful deception. ”
“The State Securities Board is satisfied with today’s conviction. The seriousness of financial crime and its impact on our investors has been well reflected with the imposition of a fourteen year sentence on Mr. Meredith, ”said Texas State Securities Board Commissioner Travis J. Iles. “Texas investors saw justice today. The good work of the Western District Attorney’s Office, the FBI, and our investigator made the result possible.
Deputy US prosecutors Alan M. Buie, Daniel Castillo and Robert Almonte continued this case.