Securities fraud

Caleb Fackrell repeatedly called his behavior “insane” in his testimony, according to transcripts obtained by Financial Planning.

The scheme ensnared about 8,400 investors, the regulator says.

To get in on hot IPOs, a client delivered cash payments to the broker at bars and restaurants, the regulator alleges.

Brash and bumbling? Or genuinely caring? Truth and fiction are blurred in depictions of planners in movies and TV shows.

“Ozark,” “Ballers,” “The Wolf of Wall Street” and “Trading Places” are fun to watch, but they bear nearly no resemblance to the day-to-day work of financial advisors.

The regulator charged the firm and its owner with fraud in a case centered on commissions and 12b-1 fees.

The former broker met some of his roughly 60 victims through his associations with the NFL and the University of Virginia, where he also played football, federal prosecutors said.

Bradley Mascho helped Bennett defraud at least 46 investors, including many seniors, the regulator charges.

The wire fraud charge came nearly four years after the CFP Board revoked his certification.

A 75-year-old widowed retiree allegedly lost nearly half of her $3 million investment in the scheme.