Sunday, February 13, 2011

South Florida Financial Advisor Pleads Guilty To Embezzling $1.1 Million From Client Accounts

Shawn Roberts, 52, of Parkland, Florida pleaded guilty to charges he embezzled some $1.1 million from his clients at his financial advisory firm, Applied Benefits and Concepts. According to authorities, Roberts' scheme spanned about 4 years from 2005 until April 2009. He has pleaded guilty to one count of mail fraud. As part of his plea agreement, Roberts has agreed to pay full restitution to the one client he stole from. Sentencing is set for May 20, 2011.

Read the story here, here and here.

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