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Edward Lee Moody used the stolen proceeds to buy a home and travel to Las Vegas among other destinations.
October 17 -
The broker forged client signatures on annuity withdrawal requests and misled clients into making what they thought were tax payments, the SEC claims.
July 20 -
The advisor defrauded some 60 victims by using their money to pay off earlier investors, fund his own speculative trading and pay his personal expenses, the SEC claims.
July 5 -
The advisor was accused in a lawsuit in January of swindling a Georgia couple out of $330,000 in retirement savings.
June 11 -
The parade of ousted bank advisors continues, but unlike previous offenses, this time it involves far less money.
June 8 -
The broker used the funds to pay his mortgage, FINRA claimed.
June 6 -
The advisor told victims that he would invest their money in Royal Alliance brokerage accounts but instead used the funds to make BMW car payments and pay for personal expenses, prosecutors claimed.
May 29 -
The advisor defrauded some 100 clients by persuading them to invest more than $71 million in 16 private funds offered by his two investment advisory companies, the SEC claims.
May 18 -
The advisor convinced the couple to transfer their retirement savings, but they claim the money never made it to their accounts. Their attorneys say there are other victims.
May 7 -
The advisor fooled her victims into thinking she would invest their funds when in fact she used the money to buy luxury items and real estate, prosecutors claim.
April 23