Indiana Financial Advisor Sentenced To 10 Years
Newman, Jeff |
A former
James, who worked as an insurance agent and financial adviser for 30 years, sold annuities and promised to reinvest current annuities for his insurance clients through a fictitious fund called the Financial Security Program. Instead, he used the investment money for personal debt payments,
"This case is a classic example of a Ponzi scheme," Secretary of State
James was caught following a joint investigation by the Secretary of State's Office,
Copyright: | (c) 2014 IBJ Corporation |
Source: | Proquest LLC |
Wordcount: | 199 |
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