Phony financial adviser in Killeen
The Securities and Exchange Commission warns folks in the Killeen/Fort Hood area that there is a thief at work there under the guise of a financial adviser. He goes by the name of Leroy Brown, Junior and according to the article, he a former soldier;
[T]he latest pretend adviser to emerge, Leroy Brown Jr., may win a grand prize for lying, in large part because of his focus on members of the military.
According to a complaint filed by the Securities and Exchange Commission this month, Mr. Brown, who resides in Killeen, Texas, home to the giant Fort Hood military installation, since January 2014 has been soliciting current and former members of the U.S. armed forces to invest their money with him and his company, LB Stocks and Trades Advice. He is a veteran and was in the Army for 12 years, from 2001 to July 2013, according to the SEC.
According to the article, Brown isn’t registered with the National Association of Security Dealers or the Financial Industry Regulatory Authority. His companies, LB Securities and LB Capital Management are frauds, too. Apparently, he offers “memberships” to his companies and then deposits your checks into his checking account. In order to sell things on a military post, sales people must be registered with the local command and they should have a piece of paper to prove it, if asked.
Aside from the immediate danger of losing a few hundreds bucks to this fraud, he’ll also make young soldiers suspicious of all investment advisers. That’s especially important now that Congress wants to change the retirement system and personal savings becomes more important to careerists since the pensions won’t be there.
I’ve been reading about this guy for a few weeks now – I don’t know why they haven’t busted him yet
Category: Crime
Bad, bad Leroy Brown. I know it’s serious stuff, but I couldn’t help myself.
I was thinking the same , Old Sarge57…
Gonna see how bad he is when he is picked up by the POPO and spending time with some new friends (Thor, Bubba, Julio and “Mr. Tiny”) in the local poundhimintheassandmakehimawidereciever lockup
LMAO !!!!!!
But is he the baddest man in the whole damn town? In Killeen there have to be a few…
I heard he’s badder than old King Kong
AND meaner than a junkyard dog.
But what the hell do I know?
(You all realize we are revealing ourselves as the old farts we are…oh, what the hell! OLD GUYS RULE!)
Unrelated, although similar.
“A former Army intelligence officer known as “Mr. X” stole millions through a fake veteran’s charity and eluded authorities by using an array of false identities. No one figured out who he really was or where he came from until he made one misstep …”. http://video.cnbc.com/gallery/?video=3000299803
Things:
1. Let’s get a photo.
2. Let’s conduct a Citizens Arrest.
Little known fact: with this information alone, wee little citizen CAN detain and or arrest and hold for law enforcement (in most jurisdictions). Some backwoods areas have done away with citizen arrests because Billy Bob and Jimmy Joe kept arresting each other for breing drunk and walking around town with no pants on.
BLUF: If anyone sees this POS conduct the Habeous Grabous and then call the cops.
I imagine he will be raising “funds” for All-Points Logistics in the near future.
Ok this is weird. When I was stationed at Hood, there was a SGT Brown, Leroy in my platoon…kind of a dirtbag…who ETS’d from Hood. Don’t know what happened to him after he left but isn’t this quite a coincidence? This isn’t the same guy…dates don’t match up. It’s just something I find odd
Another Bernia Madoff raises his ugly nasty head.
When are people going to learn this?
-> If it sounds too good to be true, it IS too good to be true.
-> If someone says ‘you can trust me’ run like hell.