The Washington Post

Former FBI agent and wife are indicted in alleged investment scam

A former FBI agent and his wife have been charged in what authorities say is a $1.3 million investment fraud scheme.

John R. Graves, 52, and his wife, Sara T. Graves, 44, of Fredericksburg, were indicted by a federal grand jury in Richmond on charges of mail and wire fraud. Prosecutors say Graves, who left the FBI in 1999, is a certified investment planner.

Through his company, Brook Point Management, Graves sold insurance, performed estate and tax planning services and recruited investment clients.

Prosecutors say that during a three-year span ending in July, Graves and his wife raised $1.3 million in funds from 11 people through “misrepresentations about the safety and security of the investments.” The couple then used the money to buy real estate, pay back previous investors and to pay off personal expenses, including credit card bills, prosecutors said.

Get more coverage:

Read the Crime Scene blog

More crime and courthouse news and features

Get all of The Post’s latest local coverage at

E-mail us tips and story ideas


Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Show Comments
Most Read


Success! Check your inbox for details.

See all newsletters

Your Three. Videos curated for you.
Play Videos
From clubfoot to climbing: Double amputee lives life of adventure
Learn to make traditional soup dumplings
Deaf banjo player teaches thousands
Play Videos
Unconventional warfare with a side of ale
The rise and fall of baseball cards
How to keep your child safe in the water
Play Videos
'Did you fall from heaven?': D.C.'s pick-up lines
5 ways to raise girls to be leaders
How much can one woman eat?
Play Videos
How to get organized for back to school
How to buy a car via e-mail
The signature drink of New Orleans