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All-County League: Garrity snatches draw for Trillick
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Attention James Couture Investors: Goldman Scarlato & Penny Investment Fraud Lawyers Investigate Potential Recovery Options
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Creditors acquiring China Fishery s Peru assets after sale process fizzles
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Former LPL Advisor Charged in $2.8M Fraud Sutton, Mass.-based advisor James Couture was charged with wire fraud and aggravated identity theft and was accused of using client funds for his own personal and business expenses.
A Massachusetts-based investment advisor could face a lengthy prison sentence after being charged with defrauding a number of clients of more than $2.8 million over the span of more than a decade, the Department of Justice announced Wednesday.
The Securities and Exchange Commission filed parallel charges against James Couture, of Sutton, Mass., arguing that he ran a scheme in which he encouraged advisory clients to sell parts of their securities holdings to fund transfers into a third-party entity that he controlled. Couture assured investors their funds would be reinvested to boost their returns, but he instead used them for his own personal and business expenses, the SEC claims.