The Securities & Exchange Commission (SEC) has accused Jody Dunn, of
Corinth, Texas, of investment fraud. Officials allege that Dunn took $3.4
million from over 7,000 investors in the deaf community. Dunn faces fraud
charges in the lawsuit.
Dunn allegedly offered investments in life insurance policies purchased
from the elderly and terminally ill. He is said to have promised
high returns on the investments, but those returns never materialized. Instead, officials
have said that none of the money taken in was actually invested in life
insurance. Instead, Dunn allegedly used $353,000 to pay his mortgage and
other living expenses. Officials say the rest was then put into offshore accounts.
In this example of
affinity fraud, Dunn, who is deaf himself, allegedly chose his investment fraud victims
from among the deaf community.
FINRA lawyers with Meyer Wilson represent victims of Texas Investment fraud in
stockbroker mediation, arbitration, and litigation.