Hamilton County Man under Arrest for Alleged $6 Million Investment Scam

investment fraud attorneysJohn K. Marcum, 50, and of Hamilton County, Indiana, was arrested on December 4, following action taken by a federal grand jury which indicted him on alleged charges of criminal wire fraud, securities fraud and money laundering, according to reports from Hamilton County.

The reports also allege that John K. Marcum had already been staring down civil charges from the SEC for allegedly defrauding investors of about $6 million in a scheme that reportedly targeted retirement savings.

To add to the woe, the arrest came after the FBI and IRS had been engaged in a joint investigation of Marcum, according to reports. Marcum is now reportedly looking at up to 50 years in prison and fines of more than $5 million if convicted.

Marcum founded the investment firm Guaranty Reserves Trust LLC in 2010, running out of the Indianapolis area.

The SEC reports that Marcum, who founded the investment firm Guaranty Reserves Trust LLC in 2010, running out of the Indianapolis area, assisted investors to set up fee free individual retirement accounts and gained control over their retirement assets.

The SEC notes that Marcum implied that he would earn big returns for them by day-trading in stocks whilst also guaranteeing the safety of their principal investment. The SEC reports, however, allege that Marcum did little actual trading, and actually lost money when he did.

Marcum also allegedly solicited millions of dollars from 16 investors from 2010 to 2013, according to the U.S. attorney’s office.

In addition, Marcum allegedly told investors that he represented celebrity clients and traded very conservatively. He also reportedly used much of the investment money to finance a personal line of credit, on risky start-up ventures, cars, vacations and gifts.

Investor Rights Lawyers Investigating

The Peiffer Rosca Wolf investor rights lawyers often represent investors who lose money as a result of investment misconduct, and are assisting any victims with the recovery of losses they may have suffered. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment misconduct may contact the investor rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1225 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.