A former Securities America broker put $1.3 million of an elderly client's money into gold and silver bullion that he kept in his basement as a purported investment. But, in reality, it was an elaborate fraud, investigators allege.

A federal grand jury has indicted Mark Preston French of Westerville, Ohio, on 16 criminal counts ranging from wire fraud to money laundering. Seven of those counts carry maximum 20-year prison terms.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access