Darin Richard Pastor (February 19, 1971 — March 25, 2023)[1] was an American businessman and entrepreneur. He was the Chairman and Chief Executive Officer of Capstone Financial Group, Inc. Pastor had previously worked at the financial firm JPMorgan Chase.
Darin Pastor | |
|---|---|
| Born | Darin Richard Pastor February 19, 1971 |
| Died | March 25, 2023 (aged 52) |
| Occupation(s) | Chairman, CEO of Capstone Financial Group |
On August 18, 2022, a federal grand jury issued an indictment charging Pastor and a collaborator with conspiracy to commit wire fraud and securities fraud. It was alleged by authorities that Pastor maintained a fraudulent Wikipedia page to back up claims that he was wealthy, which allowed potential investors in his business Capstone Group to find his information online.
Education
editPastor majored in psychology and sociology at Drexel University in Philadelphia, Pennsylvania.[citation needed] He enrolled in the Wharton School of the University of Pennsylvania.[2]
Career
editPastor worked at JPMorgan Chase & Co. for four years, where he was senior vice president and senior investment manager. In 2010, Pastor became the territory sales manager for the Colonial Life & Accident Insurance Company.[3]
In October 2012, Pastor and five financial advisors founded Capstone Affluent Strategies.[4]
In 2013, Pastor submitted a bid to acquire the NHL’s Phoenix Coyotes franchise. The NHL rejected Pastor's bid on May 13, 2013, citing the bid was "inconsistent with what we had previously indicated were the minimum prerequisites" of a bid.[5]
Criminal charges
editIn August 2018, he inappropriately touched a woman on a flight. He was sentenced to probation.[6]
In August 18, 2022, a federal grand jury issued an indictment charging Pastor and a collaborator with conspiracy to commit wire fraud and securities fraud. Authorities said that Pastor maintained a fraudulent Wikipedia page to back up claims that he was wealthy, which allowed potential investors in his business Capstone Group to find his information online.[7][8] The fraud allegedly began in 2013 when Pastor and Halford W. Johnson acquired Creative App Solutions, a publicly traded company, whose name was then changed to Capstone Financial Group. From 2013 to 2017, 95 investors bought 19 million dollars of Capstone stock. Presentations made to investors regarding the company's assets were false.[6]
Family
editThe Pastor family owned the Pepsi-Cola Buffalo Bottling Corp., a former regional Pepsi distribution business sold in 2002.[9]
References
edit- ^ "Obituary". Dignity Memorial. Retrieved November 21, 2023.
- ^ "CPD Circle". Executive Education at The Wharton School. Retrieved September 29, 2022.
- ^ "Darin Pastor appointed territory sales manager for Colonial Life". Colonial Life. September 8, 2010. Archived from the original on December 19, 2013. Retrieved September 29, 2022.
- ^ "Financial adds team with $450 mln in assets". Reuters. October 18, 2012. Retrieved September 29, 2022.
- ^ "NHL rejects Pastor's bid to purchase Coyotes". Fox Sports. May 13, 2013. Retrieved September 29, 2022.
- ^ a b Sommer, Mark (August 17, 2022). "Two men accused of defrauding nearly 100 investors of millions". Buffalo News. Retrieved September 29, 2022.
- ^ "Morristown man faces federal fraud charges". WWNY-TV. Watertown, New York. August 18, 2022.
- ^ Burns, Barbara (August 17, 2022). "Grand Jury Indicts Two Men On Multiple Charges For Defrauding Dozens Of Victims Out Of Millions Of Dollars". The United States Attorney's Office | Western District of New York. Retrieved September 29, 2022.
- ^ Glynn, Matt (September 28, 2002). "Pastor Family Selling Pepsi Bottling Firm". Buffalo News. Retrieved September 29, 2022.