{"id":4662,"date":"2008-09-24T19:13:30","date_gmt":"2008-09-24T19:13:30","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/09\/former_lpl_financial_and_ameri"},"modified":"2021-02-10T22:50:22","modified_gmt":"2021-02-11T04:50:22","slug":"former-lpl-financial-and-ameri","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/former-lpl-financial-and-ameri\/","title":{"rendered":"Former LPL Financial and Ameriprise Representative Charged with Theft and Fraud of Persons He Met through Church and Little League"},"content":{"rendered":"<p>\t\t\t\tA former LPL Financial and Ameriprise representative has been charged with 14 counts of theft and one count of fraud-all charged as felony crimes-after he allegedly stole $5 million from over 20 people he was acquainted with through Little League and church. James J. Buchanan was indicted last May at Maricopa County Superior Court in Arizona.<\/p>\n<p>Buchanan was affiliated with Ameriprise Financial before joining LPL in 2006. The alleged theft and fraud incidents occurred between 2001 and April 2006 when LPL fired him. <\/p>\n<p>Investigators say that there have been a number of victims and unknown damages as a result of the theft and fraud crimes. Buchanan allegedly convinced a number of elderly investors to let him handle their life savings for them, while presenting himself as a certified financial planner.<\/p>\n<p>Court documents portray the former adviser as committing affinity fraud, which involves fraud inflicted upon members belonging to a specific group or community. He was considered an honest Christian and was a church board member. <\/p>\n<p>In March, one victim told police that she had been defrauded $200,000 and that Buchanan had asked her not to report him. The former adviser also is accused of stealing $1 million from the Christ Life Church of Tempe, Ariz. Another alleged victim, a retired cop, says Buchanan promised him returns on his investment and convinced him to retire early. <\/p>\n<p>Elderly investors are often the target of <a href=\"https:\/\/www.investorlawyers.com\/william-s-shepherd.html\">investment scams<\/a>. There are remedies available that could allow you to recover your losses. <\/p>\n<p><strong>Related Web Resources:<\/strong><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.investmentnews.com\/ex-lpl-adviser-charged-with-fraud-theft-15578\" rel=\"noopener noreferrer\">Ex-LPL adviser charged with fraud, theft<\/a>, Investment News, May 30, 2008<br \/>\n<a href=\"https:\/\/www.sec.gov\/investor\/pubs\/affinity.htm\">Affinity Fraud: How To Avoid Investment Scams That Target Groups<\/a>, SEC  <a href=\"https:\/\/www.investorlawyers.com\/blog\/former-lpl-financial-and-ameri\/#more-4662\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A former LPL Financial and Ameriprise representative has been charged with 14 counts of theft and one count of fraud-all charged as felony crimes-after he allegedly stole $5 million from over 20 people he was acquainted with through Little League and church. James J. Buchanan was indicted last May at Maricopa County Superior Court in [&hellip;]<\/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":[3791],"tags":[],"class_list":["post-4662","post","type-post","status-publish","format-standard","hentry","category-ameriprise-securities-america"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Former LPL Financial and Ameriprise Representative Charged with Theft and Fraud of Persons He Met through Church and Little League &#8212; Investor Lawyers Blog &#8212; September 24, 2008<\/title>\n<meta name=\"description\" content=\"A former LPL Financial and Ameriprise representative has been charged with 14 counts of theft and one count of fraud-all charged as felony crimes-after he &#8212; September 24, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/former-lpl-financial-and-ameri\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Former LPL Financial and Ameriprise Representative Charged with Theft and Fraud of Persons He Met through Church and Little League &#8212; 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