Indiana Man Sentenced to 90 months in Prison for Ponzi Scheme
INDIANAPOLIS- (June 19, 2024) –Brian Simms, of Lebanon, Indiana, was sentenced in the U.S. District Court for the Southern District of Indiana on one count of felony wire fraud. Simms pleaded guilty to one count of wire fraud and six counts of wire fraud were dismissed as part of the plea agreement entered into with the U.S. Attorney’s Office. During the course of the investigation by the Indiana Securities Division and the Federal Bureau of Investigation, investigators found that Simms was offering investment opportunities though his company, Brendanwood Financial Brokerage LLC. Simms was not licensed to sell securities nor registered
