Former Financial Advisor Indicted for Theft and Financial Exploitation of the Elderly

CONCORD, New Hampshire, Dec. 1 -- New Hampshire Attorney General Gordon J. MacDonald issued the following news release:

Deputy Attorney General Ann M. Rice announce the indictment of former financial advisor Karen A. McKinley, age 53, of Bedford, New Hampshire.

On November 17, 2017, McKinley was indicted by the Hillsborough County North Grand Jury on 7 counts of Theft by Unauthorized Taking and 4 counts of Financial Exploitation of the Elderly in connection with her handling of bank and brokerage accounts of an elderly Peterborough client while she was employed by a major brokerage and investment advisory firm in Manchester. The alleged conduct took place between early 2013 and early 2016.

Ms. McKinley was also indicted on 1 count of Falsification of Physical Evidence in connection with a document she caused to be submitted to the State during the investigation.

Each of the Theft and Financial Exploitation of the Elderly charge carries a maximum penalty of 10-30 years of imprisonment and a $4,000 fine. The Falsification of Physical Evidence charge carries a maximum penalty of 7 years and a $4,000 fine.

Ms. McKinley will be arraigned at the Hillsborough County Superior Court (North) on December 15, 2017 at 9:00 a.m.

The charges and allegations in the indictments are merely accusations, and the defendant is presumed innocent until and unless proven guilty.