Ex-Financial Advisor Wants To Take Back Guilty Plea - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Life Insurance News
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Life Insurance News
Life Insurance News RSS Get our newsletter
Order Prints
January 6, 2015 Life Insurance News
Share
Share
Post
Email

Ex-Financial Advisor Wants To Take Back Guilty Plea

By Keith Gushard, The Meadville Tribune, Pa.

Jan. 06--A former financial adviser who pleaded guilty in Crawford County Court of Common Pleas last year to charges he stole money from an elderly Meadville woman now wants to withdraw his guilty plea.

David E.A. Seagren, 70, verbally asked to withdraw his guilty plea before he was to be sentenced Monday morning in Crawford County Court by President Judge Anthony J. Vardaro.

"If you go to trial, you'll face all the charges against you," Vardaro said to Seagren.

"I know, I know," Seagren responded.

Vardaro then issued orders to schedule a hearing for Seagren to withdraw his guilty plea and to continue Seagren's trial until the March term of county criminal court. No date has been set as of Monday afternoon for the plea hearing.

Meadville Police Department charged Seagren with taking tens of thousands of dollars from a 97-year-old woman's bank accounts and using the money on himself. Seagren was expected to go to trial this month in county court, but on Nov. 13, 2014, Seagren pleaded guilty to a total of eight charges in the case -- six counts of theft by deception and two counts of forgery.

Seagren was facing up to 62 years in prison and $140,000 in fines on those eight counts and as part of a plea agreement with the Crawford County District Attorney's Office was to repay the woman, her trust account or her estate $189,750 in restitution.

If Seagren now is permitted by the court to withdraw his guilty plea, he then would face trial on the 52 charges filed against him -- 22 counts each of theft by deception and theft by unlawful taking and eight counts of forgery.

If Seagren would go to trial and be convicted on all 52 counts, he could face up to 388 years in jail and $860,000 in fines.

Michael Antkowiak, Seagren's defense attorney, told Vardaro he was surprised by Seagren's request to withdraw his guilty plea.

"He told me he wanted to withdraw his plea upon my arrival this morning," Antkowiak said during Seagren's brief court appearance Monday.

Antkowiak said he planned to withdraw as Seagren's attorney in light of Seagren's request to change his plea.

"Ethically I can't represent him since he wants to now change his plea," Antkowiak said following court.

"I want to withdraw the plea because I was pressured into it," Seagren said when asked by a reporter following the hearing.

District Attorney Francis Schultz said he was frustrated Seagren was ready to be sentenced but then decided to withdraw his guilty plea.

"But, it is part of the process and we'll be ready to go to trial in March," Schultz said.

Seagren had been the woman's insurance agent and financial adviser, according to the arrest affidavit Meadville police filed in the case.

Police allege Seagren took money from the woman between February 2011 and December 2013 by writing checks to himself from a checking account the woman had at First United National Bank, and another checking account the woman had at PNC Bank.

The charges were filed by Meadville Police Department after Seagren's now former business partner in Franklin found copies of checks written to Seagren from the woman's accounts in excess of $120,000, according to the arrest affidavit filed in the case.

In January 2014, the business partner contacted an attorney claiming the payments to Seagren weren't authorized by the woman, the affidavit said. The attorney then contacted Meadville police, according to the affidavit.

In an interview with police, the woman said Seagren has been her financial adviser for 30 years but that she never gave Seagren permission to sign anything and never agreed to pay Seagren any sum of money, according to the affidavit.

Seagren remains free on $25,000 bond.

Keith Gushard can be reached at 7246370 or by email at kgushard@meadvilletribune.com.

___

(c)2015 The Meadville Tribune (Meadville, Pa.)

Visit The Meadville Tribune (Meadville, Pa.) at meadvilletribune.com

Distributed by Tribune Content Agency, LLC

Source:  Tribune Content Agency
Wordcount:  657

 

Advisor News

  • U.S. debt hits $40 trillion: how to support concerned clients
  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
  • Gen X and millennials seek new retirement model
More Advisor News

Annuity News

  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
  • New class-action lawsuit targets Delaware Life over annuity disclosures
  • A client remarried: Does their annuity still fit?
More Annuity News

Health/Employee Benefits News

  • UnitedHealth posts $4B profit in comeback from financial spiral
  • UnitedHealth beats Q3 expectations, hikes 2026 guidance
  • What 70% doesn’t tell you
  • Blue Cross faces Michigan lawsuit over alleged monopoly and pricing practices
  • SMH, UnitedHealthcare wrangle over coverage
Sponsor
More Health/Employee Benefits News

Property and Casualty News

  • Why fewer than half of independent agents see carriers as true partners
  • The next act for cyber insurance
  • Proposed FEMA map could make some Howard residents get flood insurance
  • Police investigating after explosion damages Tacoma business
  • State insurance commissioner candidates clash over how to fix the system
More Property and Casualty News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.