An Oro Valley man, Brandon Aaron Kreutz, 40, formerly known as Brandon Aaron Moushey, was arrested Tuesday and charged with Wire Fraud and Money Laundering for allegedly defrauding three investors of approximately $10.9 million in a business scheme.
According to the criminal complaint, Kreutz operated under various business names, including Brandon Kreutz Custom LLC and Balor Defense LLC, claiming to be a former U.S. Government subcontractor with a patent-pending firearms device and multi-million-dollar contracts with foreign governments. He allegedly secured loans from victims by falsely stating the funds would produce the device for these lucrative contracts, promising high returns.
Investigators found that Kreutz had not applied for a patent, lacked the equipment for production, and had no manufacturing or purchase contracts. Instead, the funds were reportedly used for a personal residence, luxury vehicles, a race car, travel, and firearms. He also allegedly concealed some funds in health and wellness ventures and bank accounts of close associates.
The FBI Phoenix Division’s Tucson Office and IRS-Criminal Investigation are conducting the investigation. Assistant U.S. Attorney Mary Sue Feldmeier is prosecuting the case. Anyone with information or who believes they may be a victim is encouraged to contact the FBI. All defendants are presumed innocent until proven guilty in a court of law.