Christopher Glynn, Investment Fraud, New Jersey 2024

A California man has been arrested for defrauding victims in New Jersey through an investment scheme, U.S. Attorney Craig Carpenito announced today.

Christopher Glynn, 57, of Burbank, California, was indicted in August 2019 on seven counts of wire fraud and four counts of money laundering. After evading law enforcement for nearly a year, Glynn was arrested in Medford, Oregon.

According to the indictment, in 2014, Glynn maintained a variety of corporate entities, including U.S. Grant Distribution Group, PG Philanthropic Initiative, Perrarus Global Philanthropic Initiative, and others. Glynn also claimed affiliation with an international trust that purportedly was funded with billions of dollars, whose stated purpose was to “aide in the economic recovery of each of the individual US States, as well as the United States of America as a whole.”

Relying on the air of legitimacy created by his various entities and the international trust, Glynn approached two victims in Vineland, New Jersey, and offered them a “once in a lifetime opportunity” to invest in a “business development loan” related to the international trust. Glynn told the victims that this business development loan would be used for authorized business and legal expenses related to his entities and the international trust. The loan also would be used for expenses related to an animal care foundation and shelter that Glynn was helping the victims to set up, in memory of the victims’ recently deceased family member.

The wire fraud counts each carry a maximum potential penalty of 20 years in prison and a $250,000 fine. The money laundering counts each carry a maximum potential penalty of 20 years in prison and a $500,000 fine or twice the value of the property involved in the offense.

U.S. Attorney Carpenito credited special agents of the FBI’s Atlantic City Resident Agency, under the direction of Acting Special Agent in Charge Joe Denahan in Newark, with the investigation leading to the charges.

Source: https://www.justice.gov/usao-nj/pr/california-man-charged-investment-fraud