Last week, KFOR filed a follow-up report about a pair of civil fraud lawsuits filed against an OKC man named Matt Veazey. He’s accused of swindling investors in some sort of low-level Ponzi-type scheme:
An Oklahoma City man is facing lawsuits that allege he pocketed over $1 million with a fraudulent investment scheme…
Both lawsuits allege the victims gave Veazey money to put into his investment company, MVZ Holdings LLC. The allegations continue by claiming that instead of investing the funds, Veazey used the money to pay for what court documents refer to as Veazey and his wife’s “lavish lifestyle.”
“New cars, house in Gaillardia, $20,000 to $50,000 a month in credit card spending, and they’re with no other means of income other than the money that my client and potentially others historically have been defrauded from,” Lewis said.
Question – why would any alleged con man looking to live a lavish lifestyle pick Gaillardia? That has to be the worst rich part of OKC. I guess they have their own Braum’s and a golf course, but outside of that it’s just an overpriced land of characterless McMansions. Yuck.