Madison Investment Advisor Admits To Fraud, U.S. Attorney Says
17.05.12
In a continuing effort to target financial fraud in Connecticut, U.S. Attorney David B. Fein today announced the results of six Connecticut Securities, Commodities and Investor Fraud Task Force investigations of individuals who have, or are alleged to have, stolen funds from investors. The prosecutions include:
Thomas F. Donnelly, Jr., 57, an investment manager from Madison, who has admitted that he defrauded four investors of approximately $675,000;
A Washington Depot woman who is alleged to have represented herself as a successful investment advisor to defraud five individuals, including vulnerable victims, of at least $800,000;
An Avon resident who is alleged to have befriended and then defrauded at least three elderly women of approximately $1.2 million;
A Shelton man who is alleged to have operated various schemes to defraud investors of more than $290,000;
An investment advisor from Bolton who has admitted that he stole more than
Source: Patch.com