An Antioch business owner was indicted Wednesday by a federal grand jury in a fraud scheme that targeted veterans.
According to a news release from acting U.S. Attorney for the Middle District of Tennessee David Rivera, Ricky Lee Coleman, 40, is charged with wire fraud, mail fraud, credit card fraud and aggravated identity theft arising from his operation and management of International Executive Services LLC, Advancement Solutions LLC and RLC Enterprises, companies that advertised security-related job training and job placement services.
"This defendant is charged with perpetrating a wide-ranging fraud that harmed thousands of victims," said Rivera.
According to the indictment, Coleman fraudulently induced customers - many of whom are military veterans - to pay registration fees, application fees and training fees by falsely representing that applicants would receive training in areas including counter-terrorism, counter-assault and special operations, that applicants would be paid while in training and that applicants would be guaranteed employment.
Court records indicate that Coleman also is accused of fraudulently inducing payments by falsely representing that applicants had been accepted by fictitious training academies.
Coleman is accused of using a large portion of the fees he received for personal expenses.
Prosecutors said between 2006 and 2010, more than 2,500 victims were fraudulently induced into paying at least $1,000,000 in fees.
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