Articles Tagged with elder financial exploitation lawyer

Ohio Financial Advisor Is Sentenced to Prison Over an 8-Year Fraud Scam

If you suffered serious investment losses while working with former W & S Broker Services stockbroker Ronald Scott Dailey, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. The barred financial advisor was sentenced to 54 months in prison after he pleaded guilty to wire fraud and tax evasion connected to an eight-year scam that cost his victims hundreds of thousands of dollars.

Among the allegations made against him was that he would convert clients’ funds taken out of fixed annuities and life insurance. He would have them move the money to a bank account that he controlled, defrauding at least three victims of over $707,000, which he was ordered to pay in restitution. He also must pay the IRS almost $212,000.