Skip to main content
Publish date:

Maple Grove financial adviser sentenced for $2.3M fraud scheme

The 34-year-old was sentenced to 84 months in prison.

An investment advisor from Maple Grove will serve 84 months in prison followed by three years supervised released for his role in a $2.3 million fraud scheme. 

Isaiah L. Goodman, 34, worked as an investment advisor and booker with his companies, Becoming Financial Group, Inc. and Becoming Financial Advisory Services L.L.C. According to court documents, he said he provided financial planning services and offered to put his clients’ savings and retirement funds into safe and profitable accounts.

But instead of putting clients’ money into investment accounts like he claimed, Goodman put the funds into bank accounts he controlled. He used the money to remodel his home in Maple Grove, purchase and build a $1.69 million home in Plymouth and purchase two cars.

He also used the money to buy a hot tub, a cruise, fitness club memberships, jewelry, and to make credit card payments.

From 2017 to November 2020, Goodman defrauded at least 23 clients out of $2,335,797.19, according to the federal charges. Goodman allegedly lied to clients through email and in-person pitches and provided false investment proposals and online account information.

Goodman also owned an app, MoneyVerbs, which provided financial advice. He funneled $700,000 of the defrauded money to this app.

He then failed to return funds upon request and instead kept the money or provided incomplete or late payments.

The Minnesota FBI and Minnesota Commerce Fraud Bureau investigated the case and he was sentenced by U.S. District Judge Susan Richard Nelson.

Next Up

unsplash football helmet ground

Judge upholds star QBs suspension for state championship game

Sam Backer, of Chatfield Senior High, won't be allowed to play in Friday's title game.

Screen Shot 2021-11-25 at 7.53.37 AM

Another 5,000 lbs. of goldfish removed from Carver County lakes

It all likely stemmed from people dumping their pets into local waters a few years ago.

Rosaleia Shelton

Appeal to find 19-year-old missing from Bloomington

The teen left her home on Monday afternoon.

hospital, emergency room

Deaths of twin fetuses after woman was shot ruled a double homicide

The woman was shot in the abdomen in mid-September.

Payton Willis / Gopher Basketball

Gophers improve to 5-0 with win over Jacksonville

The Gophers are establishing momentum early in the season.

Anthony Edwards

Ant's massive slam leads Timberwolves to fifth straight win

The dunk didn't count, but provided the highlight of the night.

Cam Talbot / Minnesota Wild

WIld arrive late, Cam Talbot stays on point to beat Devils

Despite a 30-minute delay, the Wild picked up a 3-2 victory.

Screen Shot 2021-11-24 at 4.10.54 PM

Appeal to find 35-year-old missing from Oak Grove home

Police say he's not believed to be in danger.

vote, election

7 MN Republicans urge states to audit 2020 election results

There has been no evidence of significant fraud in any single U.S. state.



Maple Grove man defrauded PPP of $1.7M, used some to install pool

The 47-year-old pleaded guilty in federal court.

Jail handcuffs arrest

Man pleads guilty to fraudulent COVID relief scheme that netted $250K

The 34-year-old from Duluth is awaiting sentencing.


Husband and wife sentenced for fraud scheme through their drywall firm

The Annandale pair bilked an insurance company out of more than $300,000.

money, cash, $100

Maple Grove investment advisor defrauded clients out of $2.2 million

Isaiah Goodman has been charged with one count of mail fraud.

court gavel

8 people charged in Medicaid fraud scheme totaling $860K

Collectively, they're charged with 46 counts of felony theft.

Police investigating suspicious death of woman in Maple Grove

The 40-year-old was found dead inside a single-family residence.

farming field

Minnesota farmer ordered to repay $1.4M for loan fraud

The 67-year-old pleaded guilty in federal court.

court gavel

Owner of Waseca travel agency charged with wire fraud

Harald Schumacher allegedly misappropriated nearly $500,000 in commissions owed to travel agents he worked with.