The search is on for potential victims of Matthew Jess Thrash, a Lufkin, Texas man indicted on charges of wire fraud and money laundering after allegedly engaging in extensive fraudulent activities over 12 years. According to KVUE, Thrash was formally charged by federal court on Nov. 6 and is believed to have victimized numerous individuals by selling the dream of lucrative investment opportunities.
Thrash's operation stretched from 2012 until 2024, where he allegedly masqueraded as a successful businessman and sports agent, purportedly representing players in the Major League Baseball Association. He claimed ownership of a sports memorabilia store located in the Mandalay Bay Casino in Las Vegas and a cannabis retailer, to entice his victims into investing in what were ultimately non-existent ventures. Potential investors were misled to wire amounts ranging from $5,000 to $100,000.
In addition to his other fraudulent activities, Thrash is accused of committing PPP loan fraud. ABC Action News reported that the FBI is currently looking for more people who may have fallen prey to Thrash's schemes, especially those residing in areas such as Las Vegas, Nev., Shreveport, La., Lake Charles, La., Tampa, Fla., and throughout the state of Texas.
The various schemes crafted by Thrash to lure investors into his web included, but were not limited to, a fake sports management company, a bogus sports memorabilia store, and the fraudulent sale of stock in cannabis dispensaries. The FBI Lufkin Resident Agency is now seeking to identify all victims involved. They encourage anyone who was affected to come forward and complete a comprehensive form detailing their investment date, money involved, and the repayment plan that was promised.
For individuals with information on the case or believe they may be a victim of Thrash's schemes. The FBI recommends contacting their local field office. Thorough investigations are ongoing and federal authorities are keen on ensuring justice is served for all affected parties by the wide-reaching fraudulent activities of Matthew Jess Thrash.
