New Palestine man sentenced to over 4 years in prison after stealing $1.2 million in investment scheme

  • 📰 wrtv
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

A New Palestine man has been sentenced to over four years in prison after he stole $1.2 million in an investment scheme. Instead of investing his client's money, he wired or transferred it to his own accounts for personal expenses.

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 598. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes