An ex-Wells Fargo investment advisor who admitted to defrauding five clients of $626,478 was given a three-year and six-month prison term. Federal authorities claim that the 39-year-old criminal used the funds for personal needs and casino gambling. Some of his victims were old people, had physical limitations, or had memory loss.
According to prosecution documents, he persuaded his victims to move money from their brokerage accounts to their individual checking and savings accounts between April 2018 and November 2020.
According to prosecution documents, he persuaded his victims to move money from their brokerage accounts to their individual checking and savings accounts between April 2018 and November 2020.