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November 2, 2016

Advisor Pleads Guilty after $21 million Ponzi Scheme

Patrick Churchville, the owner of Clear Path Wealth Management, plead guilty to five counts of wire fraud and one count of tax fraud. Mr. Churchville allegedly operated a $21 million Ponzi scheme. Investigators believe that the Ponzi scheme began in 2008 and Churchville used investor funds to fund a lavish lifestyle.