INDIANAPOLIS – Indiana Secretary of State Diego Morales and the Securities Division announced that Darrin Blaine of Fishers, Indiana, has been charged with six counts of securities violations, one count of money laundering, and one count of corrupt business influence, which are all Level 5 felonies. According to court documents, Blaine was operating under the companies Akamai Physics Inc.(“API”), Porrima Photonix, Inc. (“PPI”), and Laser Tech Investment Club (“LTIC”).
“The financial investors in this case placed their hard-earned money into the hands of someone whom they thought they could trust. Instead, the victims’ money fell into the hands of a bad actor who used the investors’ funds for personal use. Our office will continue to seek justice for these Hoosier investors and hopefully restore some trust back to the victims,” said Secretary of State Diego Morales.
Eight Indiana investors allegedly lost approximately $680,000. Mr. Blaine was not registered to sell securities with the Indiana Securities Division.
Mr. Blaine was arrested at his home, on Thursday, October 12, 2023, and was booked into the Hamilton County Jail. The charges are in connection to complaints received by the Indiana Securities Division relating to an alleged Ponzi scheme perpetrated by Mr. Blaine.
Indiana Securities Commissioner Marie Castetter stated that the case was investigated by the Securities Division and New Mexico Regulations & Licensing Department Securities Division along with assistance from the Fishers Police Department, the IMPD Digital Forensics Unit, the Madison County High Tech Crime Unit, and Hamilton County Prosecutor’s Office. The Indiana Attorney General’s Office is assisting with the asset recovery process.
Any individuals who may have invested with Mr. Blaine or the companies Akamai Physics Inc.(“API”), Porrima Photonix, Inc. (“PPI”), and Laser Tech Investment Club (“LTIC”), may contact the Indiana Securities Division at (317) 232-6681 or online at www.securities.sos.in.gov.
Mr. Blaine is presumed innocent until proven guilty in a court of law.
