Area Man Arrested on Hancock County Felony Securities Fraud Charges

Contact: Jim Gavin

Indiana Secretary of State Prosecution Assistance Unit investigates bogus business investments and unregistered securities; victims allegedly lost $56K

(Indianapolis) – Indiana Secretary of State Todd Rokita announced the arrest of Matthew J. Walker, formerly of Greenfield, after an investigation of securities fraud by his Prosecution Assistance Unit. Walker was taken into custody late yesterday in Indianapolis by Greenfield police after being sought for several days on charges filed on July 15th by Hancock County Prosecutor Dean Dobbins in Hancock County Circuit Court. Walker faces 13 separate counts of felony securities fraud, each a Class C felony carrying a possible 8 year prison sentence if convicted.

According to documents filed with the court, Walker sold three victims investments in a business that did not exist. The charges also allege Walker illegally used the invested funds for his own personal use, that he was operating as a securities dealer in Indiana without a license and that the investments he sold were not registered properly. Walker’s victims allegedly lost $56,000.

“This case illustrates just how brazen criminals can be when they are out for money and how much damage they can do to unsuspecting victims,” said Secretary Rokita. “Once again I thank Prosecutor Dobbins for taking this type of financial attack against Hoosiers seriously. He’s been among the most aggressive county prosecutors in working with us on these important cases, and law enforcement officials need to be working together on these types of cases to protect victims.”

Walker was arraigned at an initial hearing this morning in Hancock County Circuit Court where he plead not guilty. Bond was set at $25,000 cash only.

The case against Walker was investigated by the Prosecution Assistance Unit along with the Greenfield Police Department. The Indianapolis Metropolitan Police Department and the Hancock County Sheriff’s Department assisted with the arrest.

The charges described are merely an accusation. The defendant is presumed innocent until and unless proven guilty.

For more information on how to avoid becoming a victim of investment fraud, go here.

About the Prosecution Assistance Unit

In 2004, Indiana Secretary of State Todd Rokita created the Prosecution Assistance Unit within the Securities Division of the Secretary of State’s Office. Its sole purpose is to assist police and prosecutors in investigating and prosecuting criminal violations of the Indiana Securities Act and the Indiana Loan Brokers Act. The investigators and attorneys in the unit collectively have over 72 years of experience in investigating and prosecuting criminals. Since its inception, the Unit has helped to convict 42 criminals in state and federal courts across Indiana in cases that have resulted in over 310 years of time sentenced. In addition, courts have ordered defendants to pay over $29 million in restitution to crime victims.

Media Contact: Jim Gavin: 317.233-8655 or