Meyer Wilson | Investor Claims In the News
Gregory J. Buchholz Faces Sentencing for $1.37 Million in Alleged Financial Fraud
Posted on Feb 28, 2011
Gregory J. Buchholz of Bridgewater was scheduled to be sentenced on Monday, January 31, 2011, in federal court in Bridgeport.
Buchholz, an independent financial adviser operating at Raymond James Financial Services branch in Southbury, admitted under oath in U.S. District Court to a scheme in which he liquidated his clients' securities and deposited the proceeds into his own bank account.
Allegations include charges stating that the former financial adviser liquidated client annuities and mutual funds while keeping the proceeds. Prosecutors allege that he forged clients' signatures and claimed he was reinvesting their money or fabricated other falsehoods to avoid being discovered.
The former Bridgewater BOF Chairman pleaded guilty in federal court last November in regards to charges for embezzlement of at least $1.37 million from his financial services firm's clients.
Buchholz agreed to waive his rights to indictment and a trial in addition to paying full restitution to the victims in November. The U.S. Attorney's Office in Connecticut said that securities firm Raymond James has agreed to pay its clients' losses and has "already returned a majority of the money."
The Law Firm of Meyer Wilson
The law firm of Meyer Wilson represents clients who have been harmed by investment fraud. For more information, contact us by calling toll free 866-827-6537 or filling out our online form.
Read More About Gregory J. Buchholz Faces Sentencing for $1.37 Million in Alleged Financial Fraud...
Get Your Copy Of This Investment Fraud Report - FREE!
Five Signs of Investment Fraud…And What to Do if it's Happened to You is intended to to expose the ugly truth behind investor fraud and its devastating consequences
Learn how to recognize the key signs of investor fraud and what to do if it's happened to you... BEFORE IT'S TOO LATE. David P. Meyer is a renowned securities and investment fraud attorney. If you entrusted your investments to a financial professional and are worried that fraud or illegal conduct has occurred, you simply CANNOT take any chances, you NEED to get yourself a copy of this report today.
Click here to get your complimentary copy.
Investment Fraud Attorney | Securities Arbitration Attorney | Securities Fraud Attorney | Stockbroker Arbitration Attorney | Stockbroker Misconduct