Darin Richard Pastor (February 19, 1971 — March 25, 2023) was an

American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, p ...

businessman and entrepreneur. He was the Chairman and

Chief Executive Officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of Capstone Financial Group, Inc. Pastor had previously worked at the financial firm

JPMorgan Chase JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...

. On August 18, 2022, a federal grand jury issued an indictment charging Pastor and a collaborator with conspiracy to commit

wire fraud Mail fraud and wire fraud are terms used in the United States to describe the use of a physical (e.g., the U.S. Postal Service) or electronic (e.g., a phone, a telegram, a fax, or the Internet) mail system to defraud another, and are U.S. fede ...

and

securities fraud Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information.Wikipedia Wikipedia is a free content, free Online content, online encyclopedia that is written and maintained by a community of volunteers, known as Wikipedians, through open collaboration and the wiki software MediaWiki. Founded by Jimmy Wales and La ...

page to back up claims that he was wealthy, which allowed potential investors in his business Capstone Group to find his information online.

Education

Pastor majored in psychology and sociology at

Drexel University Drexel University is a private university, private research university with its main campus in Philadelphia, Pennsylvania, United States. Drexel's undergraduate school was founded in 1891 by Anthony Joseph Drexel, Anthony J. Drexel, a financier ...

in Philadelphia, Pennsylvania. He enrolled in the

Wharton School of the University of Pennsylvania The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton ...

Career

Pastor worked at JPMorgan Chase & Co. for four years, where he was senior vice president and senior investment manager. In 2010, Pastor became the territory sales manager for the Colonial Life & Accident Insurance Company. In October 2012, Pastor and five financial advisors founded Capstone Affluent Strategies. In 2013, Pastor submitted a bid to acquire the

NHL The National Hockey League (NHL; , ''LNH'') is a professional ice hockey league in North America composed of 32 teams25 in the United States and 7 in Canada. The NHL is one of the major professional sports leagues in the United States and Cana ...

’s

Phoenix Coyotes The Arizona Coyotes are an inactive professional ice hockey team based in the Phoenix metropolitan area. They competed in the National Hockey League (NHL) as a member of the Central Division (NHL), Central Division (1996–1998, 2021–2024) and ...

franchise. The NHL rejected Pastor's bid on May 13, 2013, citing the bid was "inconsistent with what we had previously indicated were the minimum prerequisites" of a bid.

Criminal charges

In August 2018, he inappropriately touched a woman on a flight. He was sentenced to probation. In August 18, 2022, a federal grand jury issued an

indictment An indictment ( ) is a formal accusation that a person has committed a crime. In jurisdictions that use the concept of felonies, the most serious criminal offense is a felony; jurisdictions that do not use that concept often use that of an ind ...

charging Pastor and a collaborator with conspiracy to commit

and

page to back up claims that he was wealthy, which allowed potential investors in his business Capstone Group to find his information online. The fraud allegedly began in 2013 when Pastor and Halford W. Johnson acquired Creative App Solutions, a publicly traded company, whose name was then changed to Capstone Financial Group. From 2013 to 2017, 95 investors bought 19 million dollars of Capstone stock. Presentations made to investors regarding the company's assets were false.

Family

The Pastor family owned the Pepsi-Cola Buffalo Bottling Corp., a former regional Pepsi distribution business sold in 2002.

References

{{DEFAULTSORT:Pastor, Darin American business executives Businesspeople from Buffalo, New York Drexel University alumni Wharton School alumni 1971 births 2023 deaths JPMorgan Chase people