{"id":6611,"date":"2018-10-11T00:03:55","date_gmt":"2018-10-11T00:03:55","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6611"},"modified":"2018-10-11T00:03:55","modified_gmt":"2018-10-11T00:03:55","slug":"financial-fraud-massachusetts-mayor-is-accused-of-bilking-investors-former-wells-fargo-broker-allegedly-stole-1m-from-older-clients-and-the-lendingclub-asset-management-settles-4-27m-securities-c","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/financial-fraud-massachusetts-mayor-is-accused-of-bilking-investors-former-wells-fargo-broker-allegedly-stole-1m-from-older-clients-and-the-lendingclub-asset-management-settles-4-27m-securities-c\/","title":{"rendered":"Financial Fraud: Massachusetts Mayor is Accused of Bilking Investors, Former Wells Fargo Broker Allegedly Stole $1M From Older Clients, and the LendingClub Asset Management Settles $4.27M Securities Case"},"content":{"rendered":"<p>\t\t\t\t<strong>26-Year Old Mayor is Arrested and Accused of Investor Fraud<\/strong><\/p>\n<p>Jasiel Correira, who is the mayor of Fall River, Massachusetts, has pleaded not guilty to multiple criminal counts of wire fraud and tax fraud. The 26-year-old was arrested this week following allegations that he <a href=\"https:\/\/www.investorlawyers.com\">defrauded investors<\/a> of over $230K.<\/p>\n<p>Correira maintains that the <a href=\"https:\/\/www.investorlawyers.com\">investor fraud<\/a> allegations are false. He refuses to step down as city mayor.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/financial-fraud-massachusetts-mayor-is-accused-of-bilking-investors-former-wells-fargo-broker-allegedly-stole-1m-from-older-clients-and-the-lendingclub-asset-management-settles-4-27m-securities-c\/\"  title=\"Continue Reading Financial Fraud: Massachusetts Mayor is Accused of Bilking Investors, Former Wells Fargo Broker Allegedly Stole $1M From Older Clients, and the LendingClub Asset Management Settles $4.27M Securities Case\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>26-Year Old Mayor is Arrested and Accused of Investor Fraud Jasiel Correira, who is the mayor of Fall River, Massachusetts, has pleaded not guilty to multiple criminal counts of wire fraud and tax fraud. The 26-year-old was arrested this week following allegations that he defrauded investors of over $230K. Correira maintains that the investor fraud [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3783,3967,3752,3795,3761,3741,3998,3836],"tags":[3161,3162],"class_list":["post-6611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-misconduct","category-failure-to-supervise","category-financial-firms","category-sec-settlements","category-securities-and-exchange-commis","category-securities-fraud","category-stifel-nicolaus-company","category-wells-fargo","tag-jasiel-correira","tag-lendingclub-asset-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Fraud: Massachusetts Mayor is Accused of Bilking Investors, Former Wells Fargo Broker Allegedly Stole $1M From Older Clients, and the LendingClub Asset Management Settles $4.27M Securities Case &#8212; Investor Lawyers Blog &#8212; October 11, 2018<\/title>\n<meta name=\"description\" content=\"Massachusetts Mayor is Accused of Bilking Investors, Former Wells Fargo Broker Allegedly Stole $1M From Older Clients, and the LendingClub Asset Management Settles $4.27M Securities Case\" \/>\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\/financial-fraud-massachusetts-mayor-is-accused-of-bilking-investors-former-wells-fargo-broker-allegedly-stole-1m-from-older-clients-and-the-lendingclub-asset-management-settles-4-27m-securities-c\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Financial Fraud: Massachusetts Mayor is Accused of Bilking Investors, Former Wells Fargo Broker Allegedly Stole $1M From Older Clients, and the LendingClub Asset Management Settles $4.27M Securities Case &#8212; Investor Lawyers Blog &#8212; October 11, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Massachusetts Mayor is Accused of Bilking Investors, Former Wells Fargo Broker Allegedly Stole $1M From Older Clients, and the LendingClub Asset Management Settles $4.27M Securities Case\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/10\/10.12.18.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial Fraud: Massachusetts Mayor is Accused of Bilking Investors, Former Wells Fargo Broker Allegedly Stole $1M From Older Clients, and the LendingClub Asset Management Settles $4.27M Securities Case &#8212; Investor Lawyers Blog &#8212; October 11, 2018","description":"Massachusetts Mayor is Accused of Bilking Investors, Former Wells Fargo Broker Allegedly Stole $1M From Older Clients, and the LendingClub Asset Management Settles $4.27M Securities Case","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/financial-fraud-massachusetts-mayor-is-accused-of-bilking-investors-former-wells-fargo-broker-allegedly-stole-1m-from-older-clients-and-the-lendingclub-asset-management-settles-4-27m-securities-c\/","twitter_card":"summary_large_image","twitter_title":"Financial Fraud: Massachusetts Mayor is Accused of Bilking Investors, Former Wells Fargo Broker Allegedly Stole $1M From Older Clients, and the LendingClub Asset Management Settles $4.27M Securities Case &#8212; 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