A former Massachusetts certified financial planner and his colleague spent $1 million of their clients funds on personal expenses, including fast food, legal fees and ATM withdrawals at casinos, the SEC alleges.
A judge has frozen the assets of former CFP Gregg Caplitz and his chief investment officer, Rosalind Herman, as well as three of her family members for a scheme that ran between 2009 and last year, according to the SEC complaint.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access