Friday, July 19, 2013
AIKEN, S.C. (WRDW) -- An Aiken man has been arrested on one count of securities fraud.
Jonathan "Jay" Warren Brooks was arrested on Friday, according to a news release from S.C. Attorney General Alan Wilson.
The arrest warrant claims that Brooks collected investment money for a fictional entity, the "Charles Howell Trust," and took the money for his personal use.
Brooks was assigned a surety bond of $500,000 during a hearing in the Richland County General Sessions Court.
Securities fraud is a felony, which carries a possible punishment of up to 10 years and/or a fire of not more than $50,000.