A federal grand jury has charged Matthew McLain Veazey, 36, of Oklahoma City with wire fraud, money laundering, and aggravated identity theft, U.S. Attorney Robert J. Troester announced on Apr. 9.
The indictment alleges that Veazey misled friends and family into giving him money by claiming he had access to special investment opportunities due to his connections and previous work with investment companies. The case highlights concerns about financial fraud schemes that target individuals’ trust in personal relationships.
According to public records, from June 2021 through December 2025, Veazey is accused of keeping the funds for personal use instead of investing them as promised. Court documents state that investors transferred at least $2,385,000 into Veazey’s personal accounts without repayment. It is also alleged that he fabricated text messages and emails from real people to convince victims his investments were legitimate.
On April 7, a federal grand jury returned a 30-count indictment charging Veazey with twenty-one counts of wire fraud, five counts of money laundering, and four counts of aggravated identity theft. If convicted on all charges, he faces up to twenty years in prison for each count of wire fraud with fines up to $250,000 per count; up to ten years in prison for each count of money laundering; and a mandatory two-year sentence for each aggravated identity theft charge.
Troester said: “The public is reminded that these charges are merely allegations, and that Veazey is presumed innocent unless and until proven guilty beyond a reasonable doubt.”
The FBI Oklahoma City Field Office and IRS Criminal Investigation conducted the investigation. Assistant U.S. Attorneys Jackson D. Eldridge and Julia E. Barry are prosecuting the case.
