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Oklahoma City Man Charged in Multi-Million Dollar Investment Fraud Scheme
Matthew McLain Veazey, 36, Charged with Wire Fraud, Money Laundering, and Aggravated Identity Theft.
Oklahoma City, OK – A federal grand jury has charged Matthew McLain Veazey, 36, of Oklahoma City, with wire fraud, money laundering, and aggravated identity theft, announced U.S. Attorney Robert J. Troester.
According to public records, from June 2021 through December 2025, Veazey held himself out as an experienced and successful financial investment professional and 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. Despite promising to invest funds on behalf of his victims or to include them in his own claimed investments, Veazey allegedly kept the money for himself and used it for personal expenses.
Court records allege that investors transferred at least $2,385,000 into Veazey’s personal checking accounts, funds that were never repaid. It is further alleged that Veazey fabricated text messages and email communications from real people to convince victims that his investment activities were real and legitimate.
On April 7, 2026, 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. If convicted, Veazey faces up to 20 years in federal prison and fines of up to $250,000 for each count of wire fraud, up to 10 years in federal prison and fines up to $250,000 for each count of money laundering, and a mandatory 2 years in federal prison for each count of aggravated identity theft.
The public is reminded that these charges are merely allegations, and that Veazey is presumed innocent unless and until proven guilty beyond a reasonable doubt.
This case is the result of an investigation by the FBI Oklahoma City Field Office and IRS Criminal Investigation. Assistant U.S. Attorneys Jackson D. Eldridge and Julia E. Barry are prosecuting the case.
Reference is made to public filings for additional information.
Key Facts
- State: Oklahoma
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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