A well-known financial adviser in Milledgeville has been indicted on multiple counts of theft, forgery, and insurance fraud by a Baldwin County grand jury.
Grand jurors returned a 23-count indictment Tuesday against 54-year-old Dean Harrison Grant, who formerly lived in Milledgeville, but who now reportedly lives at a residence on the 800 block of Hedgegate Court in Roswell.
Grant was actually indicted on the following charges: two counts of trafficking an elder person by financial exploitation, 10 counts of insurance fraud, nine counts of theft by taking, and one count of forgery in the first degree, according to records obtained from the Baldwin County Superior Court Clerk’s Office.
For several years, Grant was formally affiliated with GIF Strategic Advisors, located at 136 W. McIntosh Street, Suite A in downtown Milledgeville, and at Dean Grant Financial, which conducted business on Log Cabin Road in Baldwin County.
Grant’s company offered financial and estate planning, life insurance, retirement planning, charitable giving, disability, and long-term care.
Grant was taken into custody in January on outstanding warrants sworn out against him by Special Agent Jason S. Jones with the Georgia Insurance Commissioner’s Office.
The Georgia Insurance Commissioner’s Office began looking into the fraud case after information was provided to them by the Baldwin County Sheriff’s Office and Georgia Bureau of Investigation Region 6 Office in Milledgeville.
After Grant’s arrest, he was granted a bond by a Superior Court judge and subsequently released from jail after posting a $750,000 bond.
“Our office was contacted by a local estate bond attorney that was doing some estate planning for a widow,” according to a previous interview conducted by The Union-Recorder with Baldwin County Sheriff’s Office Detective Capt. Brad King.
King, who heads the criminal investigations division of the sheriff’s office, said the sheriff’s office learned of questionable activities involving Grant in November 2017.
“The complainant (said) they had documentation of an investment and they had a lack of yearly statements, literature and things being sent to them from the company that it was supposed to be with,” King said at the time of the newspaper interview. “It was an American National account. So, in looking at the information they provided us (American National was) contacted about the proper paperwork to get the information on that account. We found out that that account did not exist.”
When asked whether the account was bogus, King said, “Yes and no.”
He explained that the account was actually set up, but then later canceled.
King said within that particular industry there is what he described as a look period where a person can invest and be allowed to withdraw with no penalty or anything to move it elsewhere.
“So, that happened and we were able to trace the money back to the (woman’s) account,” King said.
The victim in that case was an elderly woman.
A press release from the Georgia Insurance Commission’s Office in Atlanta later said Grant reportedly had used nearly $600,000 from three clients for personal gain.
Grant reportedly did not obtain any insurance investments with that sum of money, according to the state insurance commissioner’s office.