Christopher Matthew Meredith of Shawnee, Kansas, was recently sentenced to 14 years in federal prison in connection with a $6.8 million securities fraud scheme.
According to a news release from the Department of Justice:
“On January 8, 2020, Meredith pleaded guilty to one count of securities fraud. According to court documents, Meredith solicited investors for his company, Strategic Pharma, Inc. (SPI), under false pretenses from January 2015 to March 2017. Meredith told investors that SPI had agreements, business operations, money and assets, knowing this was false. For example, Meredith intentionally told investors that SPI had entered into agreements with the Department of Veterans Affairs (VA) and Biopharma Services, Inc. that would result in substantial revenue for SPI. Meredith created a counterfeit VA contract and showed it to investors to prop up his lie. Meredith also failed to disclose to his investors that he was under investigation for a similar investment fraud scheme in Florida where he eventually pleaded guilty to felony grand theft. Meredith persuaded investors to give him money in return for shares of SPI stock. Then he used investor funds for his own personal benefit, including the purchase of a home, and for the benefit of his relatives and associates.”
Christopher Matthew Meredith targeted retirees and other investors in Central Texas in the Brenham area. In addition to the prison sentence, Meredith was also ordered to pay $6,820,510.50 in restitution to his victims, according to the news release.
Fishman Haygood’s team of investment fraud lawyers represent investors who have suffered investment losses in claims against their brokers or financial advisors and the firms employing/supervising them, including victims of elder financial abuse. If you believe that you may have suffered financial losses due to the misconduct of a financial professional, we may be able to help. Please contact us to discuss your potential claim.