Derek Robert Hamm, 38, was named in federal grand jury indictment charging him with wire fraud, money laundering, violations of the Stolen Valor Act, using a fraudulent military discharge certificate, and being a felon in possession of firearms and ammunition.
According to the indictment Hamm claimed to be a decorated Green Beret with combat experience in the Middle East. He also claimed to be related to a wealthy Texas oilman and used the combination of false credentials to scheme oil and gas investors out of money he never planned to invest. Hamm was arrested in 2005 for assault of a family member, a domestic violence misdemeanor under state law that prevents him from legally owning firearms. If convicted for the more recent fraud charges, he faces up to 20 years in prison.