Caplitz told clients the money would be invested in a hedge fund but instead transferred the money to the firm’s chief investment officer, who spent the money for personal items.
Read the full article from WilmingtonPatch here.
Advisor Charged with Stealing $1.1M
The SEC has charge Gregg D. Caplitz and his advisory firm, Insight Onsite Strategic Management of Wilmington, with bilking $1.1 million from clients, reports the WilmingtonPatch.
