{"id":6390,"date":"2018-08-16T16:16:41","date_gmt":"2018-08-16T16:16:41","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6390"},"modified":"2018-08-16T16:16:41","modified_gmt":"2018-08-16T16:16:41","slug":"larry-dearman-senior","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/larry-dearman-senior\/","title":{"rendered":"Larry Dearman, Sr. Ponzi Scheme Investigation"},"content":{"rendered":"<p>\t\t\t\tThe attorneys with the law firm of Shepherd, Smith, Edwards &amp; Kantas LLP are currently investigating claims involving Larry Dearman, Sr.\u00a0 Larry Dearman moved to Bartlesville, Oklahoma in 2005, when he began working as a financial advisor in the area.\u00a0 He was registered both with the Financial Industry Regulatory Authority (\u201cFINRA\u201d) as a broker, as well as being registered as an investment advisor representative, which is done through the Securities Exchange Commission (\u201cSEC\u201d).\u00a0 Since 2005, Mr. Dearman has been registered with Cambridge Legacy Securities, LLC, Securities America, Inc., Brecek &amp; Young Advisors, and The Focus Group Advisors.<\/p>\n<p>Recently, Mr. Dearman was charged by the SEC, along with a woman named Marya Gray, of defrauding a number of his clients in a variety of ways.\u00a0 According to the SEC complaint, Mr. Dearman solicited his clients to invest in an internet company and a real estate company, among others, telling those customers that these investments bore very little risk and were good investment opportunities.\u00a0 Specifically, the complaint alleges that Mr. Dearman specifically solicited clients of his who had known him and his family for decades, members of his church, and people who know of him as a popular wedding singer.\u00a0 All told, he collected almost $5 million from various clients for these investments.<\/p>\n<p>The SEC alleges that, in reality, the money was being stolen by Mr. Dearman and his cohort, Marya Gray.\u00a0 They were making Ponzi scheme style payments to earlier investors to keep those individuals complacent and to avoid arousing suspicion, all the while stealing the rest of the funds and spending it on themselves.\u00a0 The SEC also claims that Ms. Gray has admitted that the real estate business had never actually conducted any business, which would add substantial credence to the fraudulent nature of these investments.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/larry-dearman-senior\/\"  title=\"Continue Reading Larry Dearman, Sr. Ponzi Scheme Investigation\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The attorneys with the law firm of Shepherd, Smith, Edwards &amp; Kantas LLP are currently investigating claims involving Larry Dearman, Sr.\u00a0 Larry Dearman moved to Bartlesville, Oklahoma in 2005, when he began working as a financial advisor in the area.\u00a0 He was registered both with the Financial Industry Regulatory Authority (\u201cFINRA\u201d) as a broker, as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,4103],"tags":[3113,3043],"class_list":["post-6390","post","type-post","status-publish","format-standard","hentry","category-current-investigations","category-larry-dearman","tag-larry-dearman","tag-ponzi-scheme"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Larry Dearman, Sr. Ponzi Scheme Investigation | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"The attorneys with the law firm of Shepherd, Smith, Edwards &amp; Kantas LLP are currently investigating claims involving Larry Dearman, Sr.\u00a0making ponzi scheme style payments to investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/larry-dearman-senior\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Larry Dearman, Sr. Ponzi Scheme Investigation | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"The attorneys with the law firm of Shepherd, Smith, Edwards &amp; Kantas LLP are currently investigating claims involving Larry Dearman, Sr.\u00a0making ponzi scheme style payments to investors.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Larry Dearman, Sr. Ponzi Scheme Investigation | SSEK Law Firm Blog","description":"The attorneys with the law firm of Shepherd, Smith, Edwards & Kantas LLP are currently investigating claims involving Larry Dearman, Sr.\u00a0making ponzi scheme style payments to investors.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/larry-dearman-senior\/","twitter_card":"summary_large_image","twitter_title":"Larry Dearman, Sr. Ponzi Scheme Investigation | SSEK Law Firm Blog","twitter_description":"The attorneys with the law firm of Shepherd, Smith, Edwards & Kantas LLP are currently investigating claims involving Larry Dearman, Sr.\u00a0making ponzi scheme style payments to investors.","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; 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