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Denver — June 5, 2025 — Mack Jamie Sprouse, a resident of Jefferson County, Colorado, was indicted on 11 counts of securities fraud by a grand jury. Sprouse was
arrested on June 3, 2025.
The indictment alleged that Sprouse solicited approximately $4.8 million from at least 80 investors in his house-flipping business, Urban Veneer Holdings LLC. Sprouse raised investor funds through the issuance of promissory notes with a promise to repay the principal of the note and high-interest payments…