A woman from Calumet County who is a securities broker is being accused of stealing over $2.5 million dollars from her clients. The individuals who lost money were giving the money to the woman, believing that she was investing it. Clients , which consisted mostly of friends and family, would write out checks for cash and give them to her. The woman would then deposit that money into personal accounts.
The criminal complaint shows that nearly $1.2 million dollars went to companies located in Vegas and other locations that had to deal with gaming. This brings the possibility that the woman was doing a large portion of this fraud in order to pay for gambling losses.
The woman is expected to appear back in court on May 11th to enter her plea.
If you or someone you know is facing criminal charges, contact the Appleton criminal defense attorneys of Kohler, Hart & Priebe, LLP at 888-565-7597.