FBI

The barred ex-Mutual of Omaha rep stole from 27 mostly older fellow members of his church, YMCA and local business organizations, investigators say.

The police, FBI, SEC and IRS, among other agencies, have been trying to track ex-advisor Chris Burns for months, to no avail.

He allegedly used the money to pay gambling debts and credit card bills, according to federal prosecutors.

Wealth managers acting as “downstream broker-dealers” allegedly made $187 million in commissions and other selling fees on GPB Capital investments.

Fake name, phony credentials, Ponzi-like payments but real victims — this is what authorities are saying about this business.

To thwart a multifactor verification system, he once used a victim’s home phone to authorize transactions.

Mobile banking use has swelled since the pandemic hit, and law enforcement officials expect hackers to target the credentials of digital novices. The FBI stressed the importance of two-factor authentication and ensuring consumers know how to spot fake apps that carry malware.

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.

The advisor and his alleged co-conspirators made $5 million in illicit profits off misappropriated information, according to prosecutors.