Sixty-Six-Year-Old Scam Artist Targets University | Columbia News

Sixty-six-year-old Lamonica Valrie faces federal charges for allegedly bilking Allen University and the African Methodist Episcopal Church out of over $6 million through his company, “50 Plus 1 LLC.” Promising to build a football stadium for free in 2023, he later secured $3 million from the university in January 2024 — only to allegedly vanish with the cash, splurging on luxury goods instead. The indictment hints at a wider scheme targeting multiple victims, as authorities dig deeper into his alleged financial maneuvers. This case underscores how even well-intentioned institutions can become collateral damage in elaborate frauds. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://www.abccolumbia.com/2026/09/15/federal-grand-jury-indicts-florida-man-accused-of-defrauding-allen-university/ More coverage & latest updates:https://sources.thednn.ai/a23a2fd02f742340 Report issues to [email protected].