{"id":1475,"date":"2014-07-01T16:43:38","date_gmt":"2014-07-01T16:43:38","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/07\/broker_fraud_exinvestors_capit"},"modified":"2022-03-11T13:12:17","modified_gmt":"2022-03-11T19:12:17","slug":"broker-fraud-exinvestors-capit","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-exinvestors-capit\/","title":{"rendered":"Broker Fraud: Ex-Investors Capital Rep. is Indicted in Ponzi Scheme, Credit Suisse Sues Two Ex-Brokers Over Client Data Theft, and SEC Files More Insider Trading in IBM-SPSS Acquisition"},"content":{"rendered":"

\t\t\t\tEx-Investors Capital Rep. Charged in $2.5M Ponzi Scam<\/strong><\/p>\n

Patricia S. Miller, a former Investors Capital Corp. representative, has been indicted on charges that she ran a $2.5 million investment fraud<\/a>. She is accused of promising clients high yields for placing funds in “investment clubs.” Miller allegedly took this money and either gambled it away or used it to pay for her own spending.<\/p>\n

According to prosecutors in Massachusetts, alleged fraud took place from 2002 through May 2014. Investors Capital fired Miller last month. Her BrokerCheck Report notes that the independent broker-dealer let her go because she allegedly misappropriated funds, borrowed client money, generated false documents, and engaged in “fraudulent investment activity.” Miller is charged with five counts of wire fraud.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Ex-Investors Capital Rep. Charged in $2.5M Ponzi Scam Patricia S. Miller, a former Investors Capital Corp. representative, has been indicted on charges that she ran a $2.5 million investment fraud. She is accused of promising clients high yields for placing funds in “investment clubs.” Miller allegedly took this money and either gambled it away or […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3817,3752,3741],"tags":[],"class_list":["post-1475","post","type-post","status-publish","format-standard","hentry","category-broker-fraud","category-credit-suisse","category-financial-firms","category-securities-fraud"],"yoast_head":"\nBroker Fraud: Ex-Investors Capital Rep. is Indicted in Ponzi Scheme, Credit Suisse Sues Two Ex-Brokers Over Client Data Theft, and SEC Files More Insider Trading in IBM-SPSS Acquisition — Investor Lawyers Blog — July 1, 2014<\/title>\n<meta name=\"description\" content=\"Ex-Investors Capital Rep. Charged in $2.5M Ponzi Scam Patricia S. 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