South Carolina Attorney General Alan Wilson announced the Aiken Grand Jury has returned four indictments of Jonathan “Jay” Warren Brooks of Aiken.
Brooks was indicted on two counts of securities fraud, a felony punishable by up to 10 years in prison, and/or a fine of not more than $50,000 per count, officals said.
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.
Brooks was also indicted on one count of forgery, a felony punishable by up to 10 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 10 years in prison, and/or a fine of not more than $50,000.
The case will be prosecuted by Assistant Deputy Attorney General Creighton Waters and Assistant Attorney General Brian Petrano.
Wilson said all defendants are presumed innocent unless and until they are proven guilty in a court of law.