Bruce Ford, 50, pleaded guilty to five counts of wire fraud and two counts of money laundering, according to a press release from the U.S. Attorney’s Office Southern District of Indiana.From January 2013 through December 2018, Ford stole $1.2 million from at least 10 victims through a fraudulent investment and Ponzi scheme.
To induce his clients to invest with his company, Ford falsely made them believe he was a financial advisor and promised them through misleading claims that he could provide higher returns on their investments, officials say.
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