Dean Grant, 53, and of Milledgeville, Georgia, surrendered to authorities at the Baldwin County Sheriff’s Office on Monday, February 4th, 2018, according to Reports from Georgia under review by investor rights attorney Alan Rosca.
Grant was booked and processed and is now facing three counts of alleged insurance fraud, three counts of alleged theft by fiduciary, one count of alleged forgery in the first degree, and two counts of alleged trafficking a disabled adult or elder person or resident, Georgia Court Records show.
Outstanding warrants were also filed against Grant last Friday by the Georgia Insurance Commissioner’s Office, according to the Baldwin County Sheriff’s Office.
Georgia officials have also announced that Grant, specifically, was accused of allegedly receiving a total of $589,384.33 from three clients with the purported hope to obtain insurance related investments, according to the aforementioned Reports. What is more, $447,589.26 of the nearly $600,000 was allegedly siphoned from two elderly customers, the Reports note.
Investor rights attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Dean Grant’s alleged insurance fraud. Investors who believe they may have lost money in activity related to Dean Grant’s alleged insurance fraud are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Baldwin County Sheriff’s Office Detective Captain Brad King has stated that his investigation showed that, of the two aforementioned elderly clients, one was an elderly woman who had reportedly invested $225,000 with Dean Grant Financial, and that there was a parallel deposit in the account, and that corresponding checks were written to Dean Grant for differing chunks of money, according to Reports from Georgia.
King has made the following statement to the Union Recorder:
Within that industry there is a look period, where you can invest, and you can withdraw with no penalty or anything to move it somewhere else… So, that happened and we were able to trace the money back to her account. What we found inside that timeframe that we looked at, which would have been in 2011, was two other large deposits that had the same pattern… So, in other words you would have a deposit written to Dean Grant Financial and then you would have checks from Dean Grant Financial to Dean Grant for large amounts of money.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Dean Grant’s alleged insurance fraud. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Dean Grant’s alleged insurance fraud may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.