TBI: 6 indicted on slew of charges including identity theft, financially exploiting the elderly

The TBI uncovered clients were paying for insurance policies they did not want or authorize.

Officials with the Tennessee Bureau of Investigation announced they were working with the Union County Sheriff’s Office to determine the cause of a deadly house fire in Luttrell.(TBI)

By Caleb Wethington

NASHVILLE, Tenn. (WSMV) - Six people are facing a slew of charges following an investigation into insurance-related theft in Sumner County by the Tennessee Bureau of Investigation.

The TBI said in March 2020 the investigation was launched by the TBI, along with assistance from the Tennessee Department of Commerce and Insurance.

During the investigation, Johnny Ray Jackson, of Gallatin, a former insurance agent whose license was revoked in 1999, was found to have continued to operate a business in Gallatin called Senior Health and Wealth Marketing, as well as other multiple names over the years. Jackson employed several people, some of whom were licensed insurance agents in Tennessee.

Through further investigation, the TBI uncovered clients were paying for insurance policies they did not want or authorize.

“On October 4th, the Sumner County Grand Jury returned indictments charging Jackson and five other people with charges ranging from conspiracy, identify theft, financial exploitation of the elderly, and money laundering,” the TBI said.

The following individuals have been charged and booked into the Sumner County Jail:

• Johnny Ray Jackson, Gallatin: One count Conspiracy to Commit Theft of Property, 47 counts of Identity Theft, three counts of Money Laundering, two counts of Theft of Property greater than $10,000, and one count of Financial Exploitation of the Elderly. Bond: $100,000.
• Claude Douglas Jennings, Jr., Lebanon: One count Conspiracy to Commit Theft of Property, 27 counts Identity Theft. Bond: $100,000.
• Timothy Earl Bennett, Lebanon: One count Conspiracy to Commit Theft of Property, 25 counts Identity Theft. Bond: $100,000.
• Cooper Everett Jackson, Gallatin: One count Conspiracy to Commit Theft of Property, five counts Identity Theft. Bond: $10,000.
• Stephen Dustin McDole, Bowling Green, KY: One count Conspiracy to Commit Theft of Property, one count Identity Theft. Bond: $100,000.
• Courtney Wilson Beck, Mulga, AL: One count Conspiracy to Commit Theft of Property. Bond: $10,000.
  

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TBI: 6 indicted on slew of charges including identity theft, financially exploiting the elderly

ASC: Montgomery man pleads guilty to financially exploiting the elderly, securities fraud

 By WSFA 12 News Staff

MONTGOMERY, Ala. (WSFA) - The Alabama Securities Commission announced a guilty plea in a financial criminal case this week.

The commission reports that Nicholas Houston Allen, 35, of Montgomery, pleaded guilty to two counts of financial exploitation of an elderly person, one count of securities fraud and one count of theft of property. An Alabama Securities Commission spokesman said it was a blind plea, meaning the judge will set a sentencing date at a later time.

According to the commission, Allen falsely claimed he was going to flip houses and/or invest their money in his company, Professional Fix LLC. Instead, he used their money to pay for his personal living expenses.

“Allen prowled neighborhoods for elderly victims and came up with reasons to engage them in conversation. Once he gained the victim’s trust, he persuaded them to invest in his endeavors and stole their money,” said Alabama Securities Commission Director Amanda Senn said in a statement.

Senn said Allen used “deception, intimidation, or threat of force” to get unauthorized control over the victims’ personal property. Two victims in their 80s lost over $236,000, while a third victim lost over $1,700.

The Alabama Securities Commission cautions investors to thoroughly research any investment opportunity. Call the commission at 1-800-222-1253 and ask for the registration department to find out about anyone offering investment opportunities, investment advice for a fee and any products they offer. You may also report any suspected fraud, inappropriate securities business practices, or obtain consumer information.

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ASC: Montgomery man pleads guilty to financially exploiting the elderly, securities fraud