Aiken man indicted on securities fraud

By: Staff
By: Staff
Jonathan "Jay" Warren Brooks (WRDW-TV)

Jonathan "Jay" Warren Brooks (WRDW-TV)

Friday, Nov. 1, 2013

COLUMBIA, S.C. (WRDW) -- The Aiken Grand Jury has indicted Jonathan "Jay" Warren Brooks of Aiken.

Brooks was indicted on two counts of securities fraud, a felony punishable by up to ten years in prison, and/or a fine of not more than $50,000 per count.

One count alleges Brooks took investment money for a fictional entity called the "Charles Howell Trust," but instead converted the funds for his personal use. The other count alleges Brooks took investments but then, improperly and without permission, diverted the investment funds for the benefit of Compass Academy, according to a news release from S.C. Attorney General Alan Wilson.

Brooks was also indicted on one count of forgery, a felony punishable by up to ten years in prison and/or a fine at the discretion of the court. This count alleges Brooks forged the signature of an investor on a financial document. Finally, Brooks was indicted for violation of the Securities Act by making false or misleading statements to the Securities Commissioner, a felony punishable by up to ten years in prison, and/or a fine of not more than $50,000.


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