JACKSONVILLE, Fla. — A Jacksonville man accused of organized fraud has an active warrant out for his arrest Wednesday, according to the Jacksonville Sheriff's Office.
Cedric Dewayne Griffin, 47, is named as a person of interest regarding a JSO investigation into multiple organized fraud cases. A lawsuit was filed against him by the U.S. Securities and Exchange Commission alleging a fraudulent scheme targeting the African American community in Jacksonville.
The lawsuit states Griffin lured individuals into investing in promissory notes issued by defendant's companies and raised at least $5.8 million. The lawsuit accuses him of not purchasing any real estate with the money but instead, pocketing it and using it to pay prior investors their purported investment returns.
Griffin is a Black male, 5 feet and 9 inches tall with brown eyes. Police are currently seeking his whereabouts.
Anyone having information on the whereabouts of Griffin is asked to contact the Jacksonville Sheriff's Office at 904-630-0500. To remain anonymous and be eligible for a cash reward, call Crime Stoppers at 1-866-845-TIPS.
