Calvert Drummond Admits to Scamming Clients

Took Over $700,000

Seth Stokes
August 29, 2017 - 8:13 pm

Calvert Drummond, a 34-year-old Greenville man, pleaded guilty in federal court to scamming his clients for more than $700,000. He admitted to telling his clients that if they paid hundreds of thousands of dollars, he would get them bank guarantees worth millions in return for various projects that required a lot of capital.

Investigators with the FBI said that Drummond created fake financial documents for alternative financing that he would show his clients. When pushed on the delay of the financing or for a return of the fee the clients paid, he would blame them on the banks.

Drummond had no way to get obtain the financing that was promised. Investigators said he created the story and false paperwork to convince clients to pay fees that he used for himself.

Now he faces a fine of up to $250,000 and/or up to 20 years in prison.

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