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.
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