Two Cotton Valley men charged for investment scam
Two Cotton Valley men were arrested this week after allegedly scamming investors out of almost $50,000.
Detectives executed a search warrant Wednesday at the residence of Michael Musgrove, 31, and Ricky Walker in order to obtain record for a fraudulent business that had scammed three victims. When evidence was recovered, Musgrove admitted his involvement.
Musgrove said he had forged a buyer’s order from Peterbilt Motors Company in order to get the victims to invest in his fraudulent company.
One victim invested $30,000, a second invested $15,000, and the last invested $4,500. Lead detective Scott Tucker said