SEC charges wedding singer in $4.7 million fraud case

The majority of investor funds were allegedly spent on gambling, personal expenses and Ponzi payments.

An Oklahoma-based wedding singer and former financial adviser has been accused by the Securities and Exchange Commission (SEC) for swindling clients that gave him a total of least $4.7 million to invest for them. 

The complaint, which was filed on Aug. 27 in the U.S. District Court in Tulsa, Okla., alleges that Larry J. Dearman, Sr. invested his clients in various businesses that his close friend, Marya Gray, owned in nearby Bartlesville.

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Erin E. Harrison

Erin E. Harrison is the Editor in Chief of InsideCounsel magazine. Harrison’s professional background includes extensive expertise in both print and online media, highlighted by...

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