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Tuesday, Nov. 24, 2015

Fake 'investment brokers' take more than $60K from man

Sunday, April 21, 2013

Johnny R. Lovell Sr. (red jacket) and Johnny R. Lovell Sr. (imprinted t-shirt) are taken to Bedford County Jail by Detective Sgt. Brian Crews, left and Officer Bruce Davis.
(T-G Photo by David Melson) [Order this photo]
A father and son are accused of tricking an elderly Shelbyville man out of more than $60,000 after convincing him they were investment brokers -- and investigators are concerned there may be other victims.

Johnny R. Lovell Sr., 53, and Johnny R. Lovell Jr., 29, both of Lebanon, were arrested Friday in Shelbyville after attempting to cash a check for $29,000 at a local bank, Detective Sgt. Brian Crews of the Shelbyville Police Department said.

"They were going around knocking on doors and offering to do odds and ends," Crews said. "They realized the elderly man had a lot of money, convinced him they were investment brokers and he wrote them a large check."

High amount

Bank officials contacted police after noticing unusually high activity in the customer's checking account, Crews said.

"We received a call from the bank saying several large checks had been cleared in his account in the past few days," Crews said.

Detective Sam Jacobs talked to the victim and was able to determine the Lovells' alleged involvement, Crews said.

A Tullahoma branch office of the bank refused to cash the $29,000 check Friday, Crews said. The Lovells allegedly tried to cash the check later Friday at a Shelbyville branch of the bank, where employees notified police.

"We arrived at the bank and they took off," Crews said. Police conducted a traffic stop a few minutes later and took the Lovells into custody.

Did you see them?

Both men are thought to have offered to do home repair work, such as asphalt resealing, at residences in Shelbyville between March 30 and Friday, Crews said. Anyone who had contact with the Lovells is asked to call the SPD at 931-684-5811.

"We suspect they have been to other homes in Shelbyville and promising work. No work was done," Crews said.

The Lovells have a "lengthy history" in Rutherford and Wilson counties, according to Crews.