Matt Veazey Lawsuit: Federal Fraud Charges and Trial Date

The Matt Veazey lawsuit refers to a cluster of civil and federal criminal cases against Matthew Mclain Veazey, a 36-year-old Oklahoma City man accused of running a multi-million-dollar investment fraud that targeted his own friends and family. A federal grand jury indicted Veazey on April 7, 2026, on 30 counts, including 21 counts of wire fraud, five counts of money laundering, and four counts of aggravated identity theft, tied to at least $2,385,000 taken from nine victims between June 2021 and December 2025.¹²

What Veazey Is Accused of Doing

Prosecutors say Veazey held himself out as an experienced investment professional with special access to favorable deals through his connections and prior work with investment companies. He allegedly persuaded friends and family to wire money into his personal checking accounts on the promise of returns that never came.²

The indictment traces the scheme back to June 2021, when a family member reportedly gave Veazey $50,000 to invest and he allegedly deposited it into his own account. From there, prosecutors say the operation grew: Veazey allegedly doctored financial documents, produced fake wire confirmations, and fabricated text messages and emails made to look as if they came from real people, all to convince victims their money was working.³⁴

None of the $2,385,000 has been repaid, according to prosecutors, and Veazey allegedly tried unsuccessfully to solicit another $1,550,500 from the same group of victims. Civil filings claim Veazey and his family had no income source other than the scheme, and that the money funded a $1.5 million home in Oklahoma City’s Gaillardia neighborhood, luxury cars, and monthly credit card bills of $20,000 to $50,000.³⁴

The Pestinger Civil Suit

The most detailed civil case is Stephen Pestinger and Kiffany Pestinger v. Matthew Veazey and MVZ Holdings, LLC, filed February 12, 2026, in Oklahoma County District Court as Case No. CJ-2026-1128.⁵

The Pestingers allege that Veazey approached Stephen Pestinger at a party on April 6, 2024, and pitched an investment in two energy companies called “Endurance” and “Yukon.” To close the deal, Veazey allegedly told Pestinger that former NFL quarterbacks Sam Bradford and Matt Ryan were personally invested, along with billionaire investor Leon Cooperman. Pestinger paid $200,000 for a 10% stake in MVZ Holdings, LLC.⁵

The suit claims the entire pitch was fabricated. Veazey allegedly provided wire confirmations dated April 8, 2024, purporting to show $1 million investments flowing from MVZ Holdings into the energy companies, but the Pestingers say file metadata shows the Chase Bank confirmations were altered in Microsoft PowerPoint. Returns promised within 18 months never arrived. Bradford, Ryan, and Cooperman have not publicly commented on the case.⁵

Federal Charges and What He Faces

The federal indictment carries substantial potential penalties:

Each of the 21 wire fraud counts carries up to 20 years in federal prison and a $250,000 fine.
Each of the five money laundering counts carries up to 10 years and a $250,000 fine.
Each of the four aggravated identity theft counts carries a mandatory two-year sentence that runs consecutively to any other sentence.

The identity theft counts flow from the allegation that Veazey created fake text messages and emails appearing to come from real people to deceive investors. A conviction across the board would expose him to decades in federal prison, hundreds of thousands in fines, and millions in restitution.¹⁶

Defense Position and Trial Date

Veazey’s court-appointed criminal defense attorney, Charles Brown, said Veazey “intends to vigorously defend himself” and that “the evidence — not allegations — will control” the outcome. Tara LaClair, who represents Veazey in the civil matters, denied the fraud allegations outright: “Mr. Veazey simply did not engage in fraud.” LaClair said Veazey believed he was dealing with a legitimate investment professional and acted in good faith.³

A federal jury trial is scheduled for May 12, 2026, in the Western District of Oklahoma. Veazey has not entered a public plea, and no plea agreement has been reported.³⁷

1
IRS. Oklahoma City Man Charged in Multi-Million Dollar Investment Fraud Scheme
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KOCO. Oklahoma City Man Faces Federal Indictment in Investment Scheme
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News 9. Oklahoma City Man Accused of Defrauding Friends and Family of Millions
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KFOR. OKC Man Faces 30 Federal Charges for Defrauding Friends and Family of Millions
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UniCourt. Pestinger v. Veazey, CJ-2026-1128
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OKC Fox. Oklahoma City Man Claiming To Be Financial Investor Charged With Fraud
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Radio Oklahoma News. Oklahoma Fraud Case Leads to 30-Count Indictment