Michael Brown, Wire and Mail Fraud, Tennessee 2013

Memphis Businessman Indicted for Wire and Mail Fraud

Michael G. Brown, 56, of Alpharetta, GA, has been charged with three counts of wire and mail fraud in a federal indictment announced by U. S. Attorney Edward L. Stanton III.

The indictment alleges that beginning in October 2010 and continuing until September 2013, Brown was owner and CEO of Valkry Corporation and Exotic Cars South, which offered exotic cars such as Lamborghinis, Ferraris, Rolls Royces, Bentleys and Maybachs for sale. During this time period, Brown engaged in a scheme to defraud by obtaining payment for orders of these high-end vehicles, which he then failed to deliver.

Brown used the money for personal and business expenses, and to purchase other vehicles which he sold or leased to other customers.

The charges against Brown include two counts of wire fraud and one count of mail fraud. If convicted, he faces up to 30 years in prison, a fine of up to $1 million, and forfeiture of $1,984,803.

The investigation was conducted by the Memphis Division of the Federal Bureau of Investigation. The case is being prosecuted by Assistant United States Attorney David Pritchard.

Anyone with information regarding Brown is asked to contact the Memphis FBI at 901-747-4300.

The charges and allegations contained in the indictment are merely accusations, and Brown is considered innocent unless and until proven guilty.

Brown's crimes are a serious reminder of the importance of consumer protection and the need for businesses to operate with integrity.

The indictment against Michael Brown serves as a warning to anyone who would seek to defraud others through deceitful business practices.

Source: https://www.justice.gov/usao-wdtn/pr/michael-brown-dba-valkry-corporation-and-exotic-cars-south-indicted-wire-and-mail-fraud