{"id":615,"date":"2009-12-15T21:50:36","date_gmt":"2009-12-15T21:50:36","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2009\/12\/securities_fraud_broker_senten"},"modified":"2022-03-09T15:59:18","modified_gmt":"2022-03-09T21:59:18","slug":"securities-fraud-broker-senten","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-broker-senten\/","title":{"rendered":"Securities Fraud: Broker Sentenced for Selling High-Risk Short Term Funds to Four Pennsylvania School Districts"},"content":{"rendered":"

\t\t\t\tThe broker who pleaded guilty to one count of securities fraud <\/a>for selling risky securities to four school districts in Pennsylvania has been sentenced to one year and a day in federal prison. Robert Bradbury, 63, must also pay a $10,000 fine.<\/p>\n

The Pennsylvania school districts that were the victims of Bradbury’s investment fraud scam are Red Lion, North Penn, Boyertown, and Perkiomen Valley. The securities fraud scheme cost taxpayers over $10 million. <\/p>\n

From 1998 to 2004, Bradbury illegally sold bond-anticipated notes for the Whitetail golf project. According to Eastern District of Pennsylvania’s U.S. Attorney Pat Meehan, the broker, who had worked with the school districts for three decades, took advantage of their trust when he underwrote and sold them the notes but failed to fully disclose the nature of the investments and the risks involved. While the four school districts are only allowed to make investments that fall under certain conservative categories. <\/p>\n

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

The broker who pleaded guilty to one count of securities fraud for selling risky securities to four school districts in Pennsylvania has been sentenced to one year and a day in federal prison. Robert Bradbury, 63, must also pay a $10,000 fine. The Pennsylvania school districts that were the victims of Bradbury’s investment fraud scam […]<\/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":[3741],"tags":[],"class_list":["post-615","post","type-post","status-publish","format-standard","hentry","category-securities-fraud"],"yoast_head":"\nSecurities Fraud: Broker Sentenced for Selling High-Risk Short Term Funds to Four Pennsylvania School Districts — Investor Lawyers Blog — December 15, 2009<\/title>\n<meta name=\"description\" content=\"The broker who pleaded guilty to one count of securities fraud for selling risky securities to four school districts in Pennsylvania has been sentenced to — December 15, 2009\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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