John Nock, the founder of The Brittingham Group, a financial advisory and investment firm based in Arkansas, has been found guilty on all counts in a federal jury trial. Nock, along with his co-defendants Brian Brittsan, Kevin Griffith, and Alexander Ituma, were charged with conspiracy to commit wire fraud, wire fraud, conspiracy to commit money laundering, and engaging in monetary transactions derived from unlawful activity.
According to court documents, the defendants ran a fraudulent scheme from 2013 to 2021, aiming to enrich themselves by obtaining funds from victim-investors through false representations and promises of high investment returns. The scheme allegedly netted at least $16 million, although some believe the amount could be higher.
Nock and his co-defendants now await sentencing, facing a maximum of 20 years in prison on each count. Nock has also been convicted of money laundering, which carries a maximum sentence of 10 years in prison.
IRS Criminal Investigation Chief Jim Lee stated that the defendants ran a fraudulent scheme, misleading victims and defrauding them out of more than $18 million. Assistant Director Luis Quesada of the FBI’s Criminal Investigative Division emphasized that this conviction sends a strong message to criminals involved in financial crimes.