FBI, Postal Service led investigation
Brentwood Home Page
The former owner and operator of a Brentwood collection agency indicted last week by a federal grand jury and charged with bank fraud, wire fraud, mail fraud and aggravated identity theft died in Florida over the weekend, though details are still unavailable.

According to the indictment, from approximately February 2004 to May 2011, Terry Marvin Miller, 58, of Brentwood, Miller owned and operated a collection agency under various names, including Innovative Accounts Management, Inc., Account Management, Inc., and several others. 

The indictment alleged that, as part of the scam, Miller solicited collection agreements from various businesses by falsely promising to collect on outstanding customer accounts, then failed to remit to his clients their portion of the collected funds.  Additionally, Miller used the client’s customer information and the collection authority provided by clients to obtain authorization from the debtors to debit the debtors’ bank accounts for legitimate amounts owed.  Miller would then use this information to make multiple, unauthorized debits from individual debtor checking accounts.

Also, according to the indictment, Miller allegedly used these funds for his own personal use and to fund the operations of his collection agency.   He also used his collection agency to defraud a number of banks and credit card companies by opening accounts using the personal information of other individuals, including names, dates of birth and social security numbers, without the knowledge or authorization of these other individuals. 

Miller would have faced up to 30 years’ imprisonment and a $1,000,000 fine and a mandatory two year consecutive sentence on the aggravated identity theft count if he had been found guilty. An indictment is an accusation and not evidence of guilt.