DoJ

The Justice Department filed two counts of wire fraud against the firm but agreed to defer prosecution under a three-year deal that requires the bank to report its remediation and compliance efforts to the government.

After the client died at age 98, the advisor allegedly moved on to bilk another elderly investor, authorities say.

The acquisition, set to close later this year, will create a behemoth among custodians.

The Justice Department’s antitrust division has signed off on the takeover without requiring any changes, according to a person familiar with the matter.

The advisor had been previously arrested at the airport prior to boarding a flight.

The settlement marks the bank’s largest yet from a series of scandals that claimed two chief executive officers.

He used client funds money to pay for massages, jewelry and to shore up his wife's failing pet store.

The advisor was charged with overbilling clients by hundreds of thousand of dollars and diverting millions from the company’s payroll to his own account.

Following a plea agreement, Bradley Mascho is sentenced for his role in defrauding investors of more than $20 million.

Over a nine-year period, he allegedly defrauded clients of more than $2.1 million.