Three men have been indicted by a federal grand jury in Wichita, Kansas, on charges related to financial and securities fraud that allegedly resulted in significant losses for victims.
According to court documents, Steve Parish, 54, formerly of Derby, Kansas; Richard Dean, 66, of Plano, Texas; and Joshua Owens, 39, of Derby, Kansas; each face one count of conspiracy to commit bank and wire fraud. Parish is also charged with two counts of bank fraud, eleven counts of money laundering, one count of conspiracy to commit securities fraud, eighteen counts of securities fraud, and one count of wire fraud. Dean faces an additional charge of conspiracy to commit securities fraud and eighteen counts of securities fraud. Owens was indicted on two counts of bank fraud and one count of wire fraud.
Parish served as the chief executive officer (CEO) of Premier Global Corp., which offered investments and promissory notes purportedly for purchasing factored invoices. Owens was an employee at the company. Dean owned DDI Advisory Group LLC.
The indictment alleges that Parish, Dean, and Owens falsified records and misrepresented payments to investors as profits while actually using new investor funds to make those payments. Parish is also accused of using investors’ deposits for personal expenses.
The Federal Bureau of Investigation (FBI) is leading the investigation with assistance from the Kansas Department of Insurance Securities Division and the Oklahoma Department of Securities.
Assistant U.S. Attorneys Aaron Smith and Katie Andrusak are prosecuting the case.
"An indictment is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law."
