ARKANSAS
Four men were named in a federal indictment for an alleged $16 million wire fraud and money laundering scheme involving fake investment offerings.
According to court documents, John C. Nock, 53, of Fayetteville, Arkansas; Brian Brittsan, 65, of San Marcos, California; Kevin Griffith, 66, of Orem, Utah; and Alexander Ituma, 55, of Lehi, Utah, allegedly engaged in an investment fraud scheme between 2013 and 2021.
The fraud was allegedly done through their firm, The Brittingham Group, by falsely representing the nature of their investment offerings and promising large returns they could not and did not produce.
The indictment further alleges that Nock and Brittsan directed victims to send their funds to bank accounts controlled by Griffith, Ituma, and others, and the defendants then transferred the money through a complex web of bank accounts throughout the world.
The defendants are each charged with wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering.
In addition, Nock is charged with money laundering.
If convicted, the defendants face up to 20 years in prison for each count of wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering.
Additionally, Nock faces up to 10 years in prison for money laundering, according to authorities.