Michael Brown, D.B.A. Valkry Corporation, and Exotic Cars South Indicted for Wire and Mail Fraud
MEMPHIS, TN—Michael G. Brown, age 56, of Alpharetta, GA, has been charged in a three count indictment with wire and mail fraud, announced U.S. Attorney Edward L. Stanton III.
The indictment alleges that beginning in October 2010 and continuing until September 2013, Brown was owner and C.E.O. of Valkry Corporation and Exotic Cars South, which offered exotic cars such as Lamborghinis, Ferraris, Rolls Royces, Bentleys and Maybachs for sale. During this time period, Brown engaged in a scheme to defraud by obtaining payment for orders of these high end vehicles, which he then failed to deliver. Brown used the money for personal and business expenses, and to purchase other vehicles which he sold or leased to other customers.
Brown has been charged with two counts of wire fraud and one count of mail fraud. If convicted he faces up to 30 years in prison, a fine of up to $1 million and forfeiture of $1,984,803.
This investigation was conducted by the Memphis Division of the Federal Bureau of Investigation. This case is being prosecuted for the government by Assistant United States Attorney David Pritchard.
If you have any information regarding Brown, you are asked to contact the Memphis FBI at 901-747-4300.