St. Peters Man Sentenced on Investment Fraud Charges

ST. LOUIS, MO—The United States Attorney’s Office announced today that Randall Lynn Stuckey was sentenced to 36 months in prison for defrauding more than 50 clients who invested more than $2.2 million with him between 2007 and July 2010. Stuckey invested clients' money in the global currency markets and operated as a number of business entities, mainly The Stuckey Group, L.P. and The Stuckey Group II, L.P. Stuckey misrepresented the performance of his clients' investments so that he could collect additional fees and to keep his clients' from pulling their investments. By July 31, 2010, the total amount invested had gone down from $2.2 million to approximately $900,000, due to losses sustained in the currency trading market and withdrawals made by investors. However, according to Stuckey’s false monthly statements, he led his clients to believe that their investments were worth approximately $4.8 million. In addition to his prison sentence, Stuckey was ordered to pay restitution of $2,298,000.

RANDALL LYNN STUCKEY, St. Peters, Missouri, pled guilty in October to one felony count of mail fraud and one count of fraud under the Commodities Exchange Act, and appeared today for sentencing before United States District Judge Carol E. Jackson. In addition to the criminal charge, Stuckey was charged with a forfeiture allegation, which will require the forfeiture of $919,000 in various financial accounts.

This case was investigated by the Federal Bureau of Investigation. A parallel civil investigation has been undertaken by the Commodities Futures Trading Commission (CFTC) in Washington, D.C. Assistant U.S. Attorney Tom Albus handled the case for the U.S. Attorney's Office.