Jun 5
2014

A Brazoria County grand jury on June 5 indicted Alan Derek Jernigan of Lakeway on charges of securities fraud, money laundering, and aggregated theft for the alleged offer for sale and sale of investments in deals to export medical test kits to foreign countries. The indictment alleges that Jernigan sold nearly $463,000 worth of investment contracts while misrepresenting that his company had secured exportation contracts. The indictment also alleges that Jernigan failed to disclose to investors a previous bankruptcy filing and an unpaid civil court judgment in Maryland that stemmed from another investment program related to the sale of medical kits.