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[SOS] Secretary of State investigation leads to arrest of Darrin Marion of Darrin’s Coffee Company in Zionsville
Start Date: 4/4/2014 All Day
End Date: 4/4/2014
Entry Description

Marion allegedly sold an unlicensed investment in a real estate scam  

INDIANAPOLIS (April 4, 2014) — An investigation by Indiana Secretary of State Connie Lawson’s Prosecution Assistance Unit led to the filing of criminal charges by Marion County Prosecutor Terry Curry against Darrin Marion of Indianapolis.  He was arrested this week for allegedly selling an unregistered investment in real estate development.

“Real estate schemes are some of the most common forms of investment fraud that come across my desk,” said Secretary of State Connie Lawson. “I hope this case serves as a reminder to check with my office to ensure the investment is registered before investing.

“I would also like to thank Prosecutor Curry for his work. This arrest would not be possible without him.”

The Secretary of State’s office began investigating after receiving a complaint about an investment made with Darrin Marion. Marion sold his father’s college roommate an investment opportunity in a Texas real estate development project that would supposedly generate significant revenue. Marion told his father’s former roommate that he too was investing and that the principle would be safe from loss.

 

After the investment was made, Marion assured his client that the funds were safe but never provided documentation as requested. Eventually, he told his client the project was delayed and stopped returning his clients phone calls and failed to meet with him. When Marion’s client could no longer locate him, he contacted the Secretary of State’s office for assistance.

 

The Secretary of State’s office immediately discovered that Marion was previously registered as a securities professional. His registration was terminated in 2007 due to criminal acts involving the use of a client’s identity. In January of 2008, the Secretary of State’s office permanently banned Marion from the securities industry.

 

“Investors should always check with the Secretary of State’s office to make sure the investment advisor and the product are licensed before investing,” said Indiana Securities Commissioner Carol Mihalik. “This case is the perfect example of how a simple background check could save your precious investment dollars.”

This is still an ongoing investigation. The counts described are allegations. Marion is presumed innocent until proven guilty. Anyone who invested with Darrin Marion should contact the Secretary of State’s office at 317-232-6681.

Contact Information:
Name: Valerie Kroeger
Phone: 317-233-8655
Email: vkroeger@sos.in.gov
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  • IN.gov Category:
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  • Agency Name
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