DoJ

Overall, the advisor defrauded at least nine clients out of $1 million, which he used to pay for tuition and mortgage payments, federal prosecutors say.

The Ponzi-like scheme used investor funds to pay other investors’ debts and cover personal expenses.

The funds paid for multiple vehicles, bedroom furniture and debts at casinos, prosecutors say.

Wall Street whistleblowers just got another reason to take their gripes directly to the SEC.

The defrauded clients included the advisor’s own in-laws, who had suffered from Alzheimer’s and a debilitating stroke.

The payout brings the distribution to more than $1.2 billion, a fraction of the more than $50 billion scam.

The claims come after internal struggles at the chapter left the boardroom “untenable,” the association says.

The bank sometimes ignored the advice of its own diligence vendors in packaging and selling loans.

Investors were bilked out of approximately $611,000, say federal prosecutors.

Massachusetts is probing whether the firm's wealth management unit steered clients toward inappropriate investments and high-cost accounts.