Man accused of multi-million-dollar investment scheme federally indicted
By Jonathan Greco
Click here for updates on this story
OKLAHOMA CITY (KOCO) — An Oklahoma City man has been federally indicted after he was accused of participating in a multi-million-dollar fraudulent investment scheme.
Court documents say Matthew Veazey misused investor funds tied to a private equity deal, lied to investigators about how the money would be used, and divided funds for unauthorized purposes.
The U.S. Department of Justice said Veazey “held himself out as an experienced and successful financial investment professional” from June 2021 to December 2025. He also allegedly “induced friends and family to send him money by claiming he had special access to favorable investment opportunities due to his connections and prior employment with investment companies.”
Court records allege investors transferred at least $2,385,000 into Veazey’s personal checking accounts. Those funds were never repaid.
Veazey allegedly also fabricated text messages and email communications from real people to convince his alleged victims that his investments were real and legitimate, according to the DOJ.
A federal grand jury returned a 30-count indictment charging Veazey with 21 counts of wire fraud, five counts of money laundering, and four counts of aggravated identity theft.
Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.