Nashville Man Indicted For 'Wide-Ranging Fraud' - NewsChannel5.com | Nashville News, Weather & Sports

NC5 Investigates: Consumer Alert

Nashville Man Indicted For 'Wide-Ranging Fraud'

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by Jennifer Kraus
Consumer Investigator

NASHVILLE, Tenn. -- It's been six years since NewsChannel 5 Investigates first exposed how a Nashville man had been promising people security and bodyguard jobs, but never delivering.

On Wednesday, Ricky Lee Coleman was indicted by a federal grand jury.

Coleman now faces wire fraud, mail fraud, credit card fraud, and aggravated identity theft charges all stemming from his companies that promised security-related job training and job placement services.

International Executive Services and Advancement Solutions ran ads in newspapers around the country and online. Those who responded were told they had to pay registration, application and training fees that often ran into the thousands of dollars.

NewsChannel 5 Investigates asked Chris Dyer back in 2007, "Did you get a class?"

"No," he replied.

What did he get?

"Nothing -- I got ripped off," Dyer added.

According to federal prosecutors, there were more than 2,500 victims who paid more than a million dollars but never got any training or jobs.

Chris Gillespie had also hoped to get a job.

"They told us everything we wanted to hear until they got the money and once they got the money, they wouldn't call us back, " he explained. 

When NewsChannel 5 Investigates first exposed what was going on in 2007, we tried to talk with Coleman at his office.

Instead, he demanded, "You can leave now."

NewsChannel 5 Investigates then asked, "Why won't you talk to us?"

Coleman answered, "I have no comment," and then slammed the door. 

Soon after, state and federal agents began their own investigation. In 2009, they raided the company's headquarters. 

Acting U.S. Attorney David Rivera said Coleman pocketed a least a million dollars from this "wide-ranging fraud."

If he's convicted, Coleman could wind up spending a long time in prison - 25 years for each count of wire and mail fraud and 20 years for each count of credit card fraud.

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