Brett “Mac” McClafferty, a managing partner of St. Thomas Social, was arrested on February 21 in connection with an alleged $888,500 fraud investigation in the U.S. Virgin Islands. The arrest followed a warrant issued as part of an investigation led by the Virgin Islands Police Department’s Economic Crime Unit.
According to authorities, the investigation centers on a series of financial transactions that allegedly took place between January and June 2024. Investigators claim that multiple counterfeit or fictitious checks were deposited into business and personal accounts. These deposits were reportedly followed by bank drafts, withdrawals, and wire transfers before the checks were returned unpaid or stopped.
Law enforcement officials identified approximately 12 transactions totaling close to $888,500. However, the financial institution that reported the matter indicated confirmed losses exceeding $80,000.
McClafferty faces multiple charges, including grand larceny, obtaining money by false pretenses, possession or passing of forged bills, making and passing fictitious bills and notes, and drawing and delivering worthless checks. Bail was set at $150,000, and he remained in custody pending court proceedings after being unable to post bail.
In response to the allegations, a partner at St. Thomas Social stated that the issue involves a deposit made in 2024 by a former general manager for a private event that ultimately did not take place. The partner emphasized that McClafferty did not personally make the deposit and did not have direct contact with the client involved. They expressed confidence that he committed no wrongdoing.
As the case moves through the court system, McClafferty denies the allegations. Further proceedings will determine the outcome of the charges.