Close

Embezzlement

Washington Adviser Accused of Wire Fraud Receives 51-month Sentence

By Tom Costello of Costello Law Group  Jeffrey M. Knutsen, a financial advisor from Bellingham, Washington, was sentenced to 51 months in prison with three years of supervised release after accusations of wire fraud. Along with prison time, U.S. District Judge James L. Robart also ordered Knutsen to pay $251,892 in restitution to […]

Continue Reading

Wells Fargo Advisor Steals from Elderly Client

By Tom Costello of Costello Law Group posted in Securities on Friday, February 27, 2015. Jeffrey C. McClure, a former Wells Fargo advisor, has been barred by the Financial Industry Regulatory Authority (FINRA) after being charged with stealing almost $89,000 from an elderly client. McClure allegedly deposited money into his personal account by using blank, unsigned […]

Continue Reading

Advisor Sentenced to 3 ½ Years after an Alleged Ponzi Scheme to Pay Off Gambling Debts

By Tom Costello of Costello Law Group  Earlier this month, U.S. District Court Judge Gary Feinerman sentenced Oscar Overbey, Jr., to three and a half years in a federal prison. The charges against Overbey, a former Ameriprise advisor, stemmed from an alleged Ponzi scheme he created to pay off gambling debts and other […]

Continue Reading

Former Broker to A-List Celebrities Faces Fraud Charges

By Tom Costello of Costello Law Group Earlier this year, after allegations of fraudulently spending ten thousand dollars with someone else’s credit card, Dana Giacchetto was charged with fraud. Giacchetto has served as financial advisor to A-list celebrities such as Matt Damon and Leonardo DiCaprio. In 2000, Giacchetto faced similar charges of embezzling […]

Continue Reading