A former advisor has agreed to plead guilty to bilking at least 30 clients out of $1.3 million by sticking them with losing investments and keeping the winners for himself, according to the Department of Justice.
Michael J. Breton, former managing partner at now-defunct Strategic Capital Management, will spend up to three years in jail and provide full restitution to his victims, if a judge approves his plea deal. The criminal case is filed in district court in Massachusetts.
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