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.
Anyway, whenever I read a news report like this, I do what I almost always do in these situations – I actually read the lawsuits.
Based on my non-lawyer-trained eye, the plaintiffs seem to have a pretty strong case.
Veazey’s alleged operation had all the hallmarks of exactly that – a scheme. In one involving an easy-to-dupe victim named David Crooch, Veazey allegedly pretended to be friends with Sam Bradford, Matt Ryan, and other people to give himself a little credibility.