Matthew McLain Veazey, 36, of Oklahoma City, has been charged by a federal grand jury with wire fraud, money laundering, and aggravated identity theft, U.S. Attorney Robert J. Troester announced on Apr. 9.
The case is significant as it involves allegations of a multi-million dollar investment fraud scheme that targeted friends and family members.
According to public records, from June 2021 through December 2025 Veazey presented himself as an experienced financial investment professional. He allegedly convinced individuals to send him money by claiming he had access to favorable investment opportunities due to his connections and prior employment in the investment sector. Despite promising to invest these funds or include victims in his own investments, Veazey is accused of using the money for personal expenses instead. Court records state that at least $2,385,000 was transferred into Veazey’s personal accounts and never repaid. It is further alleged that he fabricated text messages and emails from real people to convince victims that his activities were legitimate.
A federal grand jury returned a 30-count indictment on April 7 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 for each count of money laundering; and a mandatory two-year sentence for each aggravated identity theft charge.
Authorities remind the public that these charges are only allegations at this stage and that Veazey is presumed innocent unless proven guilty beyond a reasonable doubt.
The investigation was conducted by the FBI Oklahoma City Field Office along with IRS Criminal Investigation. Assistant U.S. Attorneys Jackson D. Eldridge and Julia E. Barry are prosecuting the case.
