Investment Adviser Accused of Stealing $1,000,000 From Clients
In a Press Release of September 6, 2017, the Securities Exchange Commission announced charges against a New
Jersey based investment adviser, Scott Newsholme, of Farmingdale, New Jersey, alleging that he stole more
than $1,000,000 from advisory clients. The underlying charges include allegations of fabricated
account statements, forged promissory notes and other allegedly improper advice designed to encourage
clients to invest monies in purported securities. Unfortunately, according to allegations, the
clients’ checks were simply cashed, with the adviser pocketing the funds.
We offer a free initial consultation to investors who may have been victimized by fraudulent schemes of their investment advisers. For a free initial
the Law Offices of Timothy J. O’Connor at (518) 426-7700.
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