Mark MacArthur, son of Pastor John MacArthur, charged with financial fraud

by Daniel Payne · Feb 25th, 2020 2:05 pm

Last Updated Feb 25th, 2020 at 5:19 pm

Mark MacArthur, son of Grace Community Church Pastor John MacArthur, has been charged by the Securities and Exchange Commission with defrauding numerous clients of his financial consulting business by failing to disclose multiple conflicts of interest when advising them on their real estate investment portfolios.

MacArthur, a co-owner of Criterion Management Insurance Services, allegedly urged his clients to invest millions of dollars in four real estate investment funds without disclosing that the managers of those funds had paid Criterion more than a million dollars between 2014 and 2017.

MacArthur left Criterion Management in 2016 and now runs the investment advisory firm M2 Financial LLC.


Comments

You must become a subscriber or login to view or post comments on this article.