Derek Fields, Mail Fraud, Indiana 2023

Related Federal Cases

Derek Fields Convicted in South Bend Kidnapping and Shooting · Indiana
South Bend Kidnapper Fields Sentenced to Over 52 Years · Indiana
South Bend Man Isaiah Beavers Sentenced for Internet Threat · Indiana
Crown Point Lawyer Stochel Convicted of Mail Fraud · Indiana
South Bend’s ‘Ace’ Herron Gets 10 Years for Fentanyl, Guns · Indiana

Table of Contents

61-Year-Old South Bend Investor Charged with Mail Fraud

Sven Eric Marshall, a 61-year-old former resident of South Bend, Indiana, has been charged with five counts of mail fraud for scamming elderly investors.

According to the indictment, Marshall owned and ran an investment company called Trust & Advisory Services of Indiana, Inc. Beginning about March 1998, Marshall recruited investors and promised returns of about four to eight percent per year with the option to receive interest payments or to reinvest gains in their account.

As part of his scheme, Marshall provided monthly statements to investors that showed the purported balance of the investments. However, by January 2016, the Trust & Investment account was nearly empty. When investors requested information about their money, Marshall misrepresented the status and balance of the investments.

Marshall did pay money to some investors who asked to withdraw a portion of their investments, even though the Trust & Investment account was almost empty, by transferring money from other unrelated accounts. In about December 2017, Marshall stopped communicating with investors and closed his office without notifying investors or providing a forwarding address.

The investors were elderly, with several in their seventies and eighties at the time of the alleged crimes, and two are now deceased. The United States Attorney’s Office emphasized that an Indictment is merely an allegation and that all persons charged are presumed innocent until, and unless, proven guilty in court.

Marshall is currently wanted by authorities. Anyone with information is asked to contact the FBI at 1-800-CALLFBI (225-5324). This case was investigated by the FBI and is being prosecuted by Assistant United States Attorney Luke Reilander.