Isaiah Goodman, Founder of MoneyVerbs, Pleads Guilty to One Count of Mail Fraud

Goodman is also the owner of Becoming Financial Group and Becoming Financial Advisory Services.

The US Attorney’s Office for the District of Minnesota announced one count of mail fraud against Isaiah Goodman on February 8, 2021. Goodman is the founder of MoneyVerbs, an internet-based app that allegedly provides financial guidance to users. Goodman was registered as an investment advisor and broker with Becoming Financial Group and Becoming Financial Advisory Services, both of which he owns. 

According to the press release, from 2017 through November 2020, Goodman allegedly defrauded at least 23 investors out of over $2.2 million. Goodman is accused of lying to prospective and existing clients about the use of their funds, the security and profitability of their accounts, and the status and performance of their funds.

Goodman purportedly provided the clients with materially false and fraudulent information during in-person sales pitches and through email correspondence. Goodman also falsely represented to the investors that their funds would be returned to them upon request. 

Goodman is accused of depositing clients’ funds into his personal bank accounts rather than putting the funds in investment accounts. Goodman allegedly used the investors’ funds to remodel his home in Maple Grove, purchase an additional home, purchase two new vehicles, pay for personal expenditures, and funnelled approximately $700,000 into his other business, MoneyVerbs

Goodman is scheduled to be sentenced on June 29, 2021.

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