Madison man arrested for alleged investment scam
JACKSON — A Mississippi businessman has been arrested by FBI agents on 12 counts of wire fraud, tax evasion, and money laundering.
Federal authorities say 47-year-old Jeffrey L. Walker of Madison allegedly devised a scheme to defraud and obtain money from investors by making false representations relating to a Chinese resort project his companies were supposedly developing.
Federal agents said Walker allegedly had investors in Mississippi, Tennessee, Florida and Arizona make bank wire transfers to one of his companies and he converted parts of the money for his own personal use.
FBI Special Agent Daniel McMullen tells The Clarion-Ledger that Walker was arrested in Nashville, Tenn., on Tuesday.
It was not immediately known whether Walker has an attorney.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Chris McDaniel gets a thank you note from Travis Childers
- Senate passes teacher pay raise legislation
- The First acquiring Alabama bank in cash/stock deal
- Pickering collects more money from failed beef plant project
- Lawmakers debating alternative to Medicaid expansion
- States settle with manufacturers in DRAM price-fixing case
- District at Eastover takes shape with financing in place, tenant signings under way
- MBJ's Businesswoman of the Year never expected her career to take this path
- Todd Smith's Spin Cycle — Not milk! It’s end of era for milk industry’s iconic ‘Got Milk?’ campaign
- Mississippi ag aviation plays a critical role in production and profitability