Three men have been indicted by a federal grand jury in Wichita, Kansas, on multiple charges related to financial and securities fraud. The alleged crimes are said to have resulted in potential losses totaling tens of millions of dollars for victims.
Steve Parish, 54, formerly of Derby, Kansas; Richard Dean, 66, of Plano, Texas; and Joshua Owens, 39, also of Derby, Kansas, each face one count of conspiracy to commit bank and wire fraud. In addition to this charge, Parish has been charged with two counts of bank fraud, eleven counts of money laundering, one count of conspiracy to commit securities fraud, eighteen counts of securities fraud, and one count of wire fraud. Dean faces one count of conspiracy to commit securities fraud and eighteen counts of securities fraud. Owens is charged with two counts of bank fraud and one count of wire fraud.
According to court documents, Parish served as chief executive officer (CEO) at Premier Global Corp., a company that offered investments and promissory notes purportedly for the purchase of factored invoices. Owens was an employee at the company. Dean owned DDI Advisory Group LLC.
Authorities allege that Parish, Dean, and Owens ran a scheme involving falsified records and misrepresented payments to investors as profits when those payments actually came from other investors’ funds. Additionally, Parish is accused of using investors’ deposits for personal expenses.
The Federal Bureau of Investigation (FBI) is leading the investigation into the case with assistance from the Kansas Department of Insurance’s Securities Division and the Oklahoma Department of Securities.
Assistant U.S. Attorneys Aaron Smith and Katie Andrusak are prosecuting the case.
“An indictment is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.”
