Virginia News: ALEXANDRIA, Brian Thomas Reynolds, Convicted Felon Arrested for Fraud Scheme Involving Local Newspaper

Virginia News: ALEXANDRIA, Brian Thomas Reynolds, Convicted Felon Arrested for Fraud Scheme Involving Local Newspaper

ALEXANDRIA, Va. – A previously convicted felon was arrested last night on charges related to defrauding investors of a local newspaper, unlawful possession of firearms by a previously convicted felon, and making false statements to the FBI.

According to allegations in the indictments, Brian Thomas Reynolds, 52, of Leesburg, defrauded both investors and lenders to a company that he controlled that operates a local newspaper in Loudoun County. As alleged in that indictment, Reynolds made several materially false and fraudulent representations to actual and potential investors and lenders regarding the existence and value of advertising contracts held by the company, and created fake advertising contracts when no such agreements existed.

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