Friday, February 4, 2011

Former Connecticut Securities Broker Sentenced In $1.7 Million Embezzlement Scheme

Gregory J. Buchholz, 45, of Bridgewater, Connecticut, was sentenced to 4 years in prison for embezzling some $1.7 million from client accounts of his while working as an independent securities broker operating a branch office of Raymond James Financial Services, Inc. in Southbury, Connecticut. According to prosecutors, Buchholz misappropriated client checks by forging them or convincing them to sign them over to him to invest. Instead, Buchholz took the funds for his own purposes. Buchholz' scheme spanned nearly 10 years, beginning in 2001.

Read the story here and here.

Read the DOJ announcement here.

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