A Massachusetts investment advisor who pleaded guilty to defrauding his clients and stealing from them has been sentenced to prison, according to InsuranceNewsNet. A federal judge sentenced 42-year-old James Kenneth Couture of Sutton to 100 months behind bars and...
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Financial Advisor Misconduct
Investment advisor pleads guilty to charge of filing a false tax return
Federal authorities announced that a Connecticut investment advisor has pleaded guilty to a charge of filing a false tax return, according to a report by ThinkAdvisor. 64-year-old Thomas Pacilio of Westport entered the plea last week in federal court after waiving his...
Former broker ordered to pay nearly $3 million over securities scheme
The Securities and Exchange Commission announced that it has obtained a final judgment against a man accused in a multi-million dollar securities offering fraud case, ThinkAdvisor reports. The action in the United States District Court for the District of Maine orders...
California woman pleads guilty to involvement in investment fraud scheme
The U.S. Department of Justice announced that a California woman has pleaded guilty in connection with an investment fraud scheme, reports InsuranceNewsNet. 57-year-old Sharief Deona McDowell of Loma Linda entered the plea last week to one count of wire fraud....
Former NJ financial advisor admits to preparing false tax returns
Federal prosecutors announced that a former New Jersey financial advisor has admitted to multiple counts of preparing a false tax return, ThinkAdvisor reports. 69-year-old Terrence LeGall of Linden pleaded guilty to the charges in Newark federal court earlier this...