Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Swansea Woman Sentenced after Allegedly Bilking Elderly Investors

Victoria McGee-Harris has been sentenced to 17 ½ years in prison after pleading guilty to engaging in a monetary transaction with unlawfully derived property and bank fraud. The federal court sentence came on February 17th in East St. Louis. When deciding the sentence, the judge in the case considered both the amount of money McGee-Harris allegedly took from investors and that most of the victims of the alleged investment scam were elderly.

After the sentencing hearing, U.S. Attorney Steve Wigginton described McGee-Harris as “nothing but a financial predator.” Wigginton pointed to the emotional pain and anxiety many of the victims had recounted during the hearing, including one man who apparently had a heart attack after finding out his savings were gone.

McGee-Harris, of Swansea, had been a securities broker and insurance agent. She was accused of using the money taken in from her Metro East Insurance Group clients for her own personal expenses and ventures, including a chain of clothing stores, expensive travel, and multiple land purchases. According to court documents, McGee-Harris used millions of dollars in investor cash in this way, mixing her clients’ cash in bank accounts and having some clients write checks directly to a business account in her name.

If you have been the victim of an investment scam or stockbroker misconduct, don’t wait until it’s too late to recover your losses. The investment fraud attorneys with Meyer Wilson have helped more than 800 clients recover their losses, and we represent clients nationwide in stockbroker mediation, arbitration, and litigation.

Categories: Investment Fraud

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