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.