Virginia Beach Lawyer Indicted by Federal Grand Jury on Fraud Charges
NORFOLK, Va. - Brian Gay, 52, of Virginia Beach, Va., was indicted by a Norfolk federal grand jury on Wednesday, June 22 on various fraud related counts, including wire and mail fraud, engaging in unlawful monetary transactions and making a false statement to federal agents. Gay has now been arrested and will have his initial appearance today.
Neil H. MacBride, United States Attorney for the Eastern District of Virginia, made the announcement after Gay’s arrest. If convicted, Gay faces a maximum of 20 years in prison on each of the five mail and wire fraud counts, up to 10 years in prison on each of the four unlawful monetary transaction counts, and up to five years in prison on the false statement count.
According to the indictment, Gay was an attorney licensed to practice law in Virginia and maintained a law practice in Virginia Beach. In 2006 he qualified as the executor of the estate and trustee for the trust of a Virginia Beach resident who died in 2006. The indictment alleges that the trust was to be funded by $520,000 in life insurance proceeds for the benefit of the decedent’s minor children. The indictment further alleges that Gay devised a scheme to defraud and converted and misapplied the proceeds of the life insurance policies primarily for his own benefit and not the minor children.
This case was investigated by the United States Postal Inspection Service and the United States Secret Service. Supervisory Assistant United States Attorney Robert J. Seidel, Jr., is prosecuting the case on behalf of the United States.
Criminal indictments are only charges and not evidence of guilt. A defendant is presumed to be innocent until and unless proven guilty.
A copy of this press release may be found on the website of the United States Attorney's Office for the Eastern District of Virginia at http://www.justice.gov/usao/vae. Related court documents and information may be found on the website of the District Court for the Eastern District of Virginia at http://www.vaed.uscourts.gov or on https://pcl.uscourts.gov.