INVESTMENT THEFT IN THE NEWS
More results...
In order for Key Persons to be included on a Capital Shield® insurance policy, advisors and managers must be currently registered with the SEC and/or FINRA, bank chartered trust employees must have a qualified designation, and all individuals must meet underwriting standards.
Orleans Investment Adviser Sentenced for Multi-Million Dollar Fraud and Identity Theft
Orleans investment adviser sentenced for Multi-Million Dollar Fraud and Identity Theft BOSTON – An Orleans investment adviser was sentenced yesterday in federal court in Boston for defrauding her clients of more than $3 million and [...]
Springfield investment adviser pleads guilty to stealing millions from clients
Springfield investment adviser pleads guilty to stealing millions from clients NEWARK - A Springfield man who formerly worked as a broker and investment adviser in Jersey City admitted to stealing million from clients to finance [...]
Financial Advisor Faces Federal Fraud and Money Laundering Charges Alleging Thefts from Ameriprise Clients and Other Victims
LOS ANGELES – A former Ameriprise financial advisor faces federal fraud and money laundering charges for allegedly defrauding clients by embezzling funds that she promised would be invested, United States Attorney Nicola T. Hanna announced [...]
Two Ex-Morgan Stanley Brokers in Boston to Plead Guilty to Fraud
Two Ex-Morgan Stanley Brokers in Boston to Plead Guilty to Fraud Two former Morgan Stanley brokers in Boston who were fired in June on allegations of misappropriating client funds have agreed to plead guilty to [...]
Financial advisor sentenced to 7 years for stealing $900k from client
Financial advisor sentenced to 7 years for stealing $900k from client MOUNT HOLLY — Burlington County Prosecutor Scott Coffina announced that a Moorestown- based financial advisor was sentenced today to seven years in New Jersey state prison [...]
Financial Advisor Roger Kroeger Arrested for Embezzlement
Financial Advisor Roger Kroeger Arrested for Embezzlement He allegedly stole almost $300,000 from an elderly client Earlier this month, Roger Kroeger was arrested in Broward County on several charges after a former client of his [...]
Mercer County ‘investment adviser’ will be sentenced for fraud
Mercer County 'investment adviser' will be sentenced for fraud PITTSBURGH - A former investment adviser from Mercer County awaits sentencing in federal court for creating a phony company to cheat investors. Jeffrey T. Lewis, 48, [...]
Hampton Roads financial adviser charged with criminal fraud
Hampton Roads financial adviser charged with criminal fraud A Hampton Roads financial adviser is expected to plead guilty to two federal criminal counts for his role in running a fraudulent investment scheme that led investors [...]
Ex-JPMorgan adviser charged in $20M fraud
Ex-JPMorgan adviser charged in $20M fraud NEW YORK – A former JPMorgan Chase investment adviser was arrested Thursday on charges he stole $20 million from customers and spent the funds on unprofitable trading and other [...]
Adviser sentenced in Cisneros fraud case
Adviser sentenced in Cisneros fraud case A financial adviser who stole $481,000 from former San Antonio Mayor Henry Cisneros was sentenced Thursday to 41 months in federal prison and ordered to pay restitution. A financial [...]
Ex-LPL advisor gets 20 years for fraud ahead of SEC, arbitration cases
Ex-LPL advisor gets 20 years for fraud ahead of SEC, arbitration cases LPL Financial and a former advisor who pleaded guilty to theft and securities fraud must pay at least $3.7 million in disgorgement and [...]
Former Merrill Lynch Financial Advisor Sentenced For Embezzlement
Former Merrill Lynch Financial Advisor Sentenced For Embezzlement TALLAHASSEE, FL B James Ryan Lanier, 33, was sentenced to 106 months in federal prison for embezzling more than $800,000 from Merrill Lynch clients. The sentence was [...]
Ex-Wells Fargo FA Faces Embezzlement Charges
Ex-Wells Fargo FA Faces Embezzlement Charges A former Wells Fargo financial advisor in Michigan is facing a felony charge over alleged embezzlement, mlive.com writes. David Homan was arraigned in Bay County District Court on one [...]
Barred Ameriprise advisor arrested in alleged $2M fraud scheme
Barred Ameriprise advisor arrested in alleged $2M fraud scheme A former Ameriprise financial advisor was arrested by FBI agents last week for allegedly embezzling at least $2 million from her clients, according to federal prosecutors [...]
SEC Charges Investment Adviser With Running $3.9 Million Fraud
SEC Charges Investment Adviser With Running $3.9 Million Fraud Washington D.C., Nov. 2, 2018 — The Securities and Exchange Commission today charged a former registered representative and investment adviser in Altoona, Pennsylvania, with operating a [...]
Remember Bernie Madoff? Big time financial fraud is back
Remember Bernie Madoff? Big time financial fraud is back Ten years ago this December, Bernard Madoff, known as a "broker's broker" to many on Wall Street, told his sons that his business was one big, [...]
Englewood financial advisor arrested on charges of $730,000 securities fraud
Englewood financial advisor arrested on charges of $730,000 securities fraud DENVER — Englewood resident William Gardner, 57, was taken into custody Wednesday, December 23 on charges that include four counts of securities fraud, five counts [...]
Financial advisor charged with embezzling
Financial advisor charged with embezzling ROCHESTER HILLS — Federal officials have charged a financial advisor with UBS Financial Services with embezzling more than $3.7 million from his clients. John MacColl, 65, from Rochester Hills, was [...]
SEC charges local investment adviser, a former math teacher, with fraud
SEC charges local investment adviser, a former math teacher, with fraud The Securities and Exchange Commission has charged the owner of an Indianapolis-area investment advisory firm with violating federal law by selling $13 million in [...]
Advisor’s alleged fraud costs Morgan Stanley $3.6M in SEC penalty
Advisor's alleged fraud costs Morgan Stanley $3.6M in SEC penalty The wirehouse is due to pay $3.6 million to SEC charges that it failed to detect or prevent fraud among its brokerage ranks. Morgan Stanley, [...]
SEC charges advisor with $19M fraud in commissions scheme
SEC charges advisor with $19M fraud in commissions scheme A Connecticut investment advisor is facing fraud and other charges for allegedly engaging in a scheme to steer $19 million of client assets into unsuitable, high-risk [...]
State revokes registration for Grand Blanc area investor accused of embezzlement
State revokes registration for Grand Blanc area investor accused of embezzlement ATLAS TOWNSHIP, Mich. – The Michigan Department of Licensing and Regulatory Affairs has revoked the registration of a local investment advisor accused of embezzling [...]
Jackson Financial Adviser Arraigned On Embezzlement Charges
Jackson Financial Adviser Arraigned On Embezzlement Charges A former financial adviser has been arrested in Michigan in connection with the theft of more than $700,000 from now-deceased clients whose investments he managed. MLive.com reports that [...]
SEC charges Bellbrook man with ‘rob Peter to pay Paul’ scheme
SEC charges Bellbrook man with ‘rob Peter to pay Paul’ scheme A former Dayton investment advisor misappropriated more than $1.6 million from clients — many who were elderly — for the past 14 years, the [...]
Financial Advisor to Mike Tyson Sentenced to Prison
Financial Advisor to Mike Tyson Sentenced to Prison Brian Ourand, formerly of Live Nation-owned financial advisory firm SFX Financial Advisory Management Enterprises, was sentenced to 33 months in prison and ordered to repay $1 million [...]