U.S. Attorneys Office

The 33-year-old advisor allegedly spent clients’ money on luxury items and business expenses for his startup.

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

The 25-year industry veteran of four wealth managers and a trust company faced a charge of unlawful entry on public property.

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

James Booth’s seven-year fraud bilked investors out of nearly $5 million.

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

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

Edward E. Matthes allegedly renovated his home, paid child support and bought luxury items with client money.

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.

A barred and terminated former Securities America advisor’s conduct was “appalling, reprehensible and evil,” according to a federal judge.

The once high-profile RIA owner ran a $20 million Ponzi scheme, federal prosecutors said.

The Ladenburg IBD failed to spot the red flags of a barred ex-advisor who later pleaded guilty to fraud, former clients say.

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

Forty-seven investors, some over the age of 63, were among the victims.

Thomas Buck misled clients in order to charge them excessive commissions, according to federal prosecutors.

The former broker bilked more than a dozen former clients over an eight-year period, prosecutors said.

Royal Alliance must pay more than $2.5 million to one ex-client while dealing with charges against the firm and a former rep by William Galvin’s office.