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The New Hampshire Bureau of Securities Regulation alleges that former financial advisor Dan Stokes of Fremont, New Hampshire, misallocated up to $576,000 that he raised from clients by falsely claiming he would invest the assets in a charity that involved Taylor Swift and Bill Gates. So reports the Union Leader.

The regulator says it has found no evidence of Swift and Gates’ involvement in the investments and it claims Stokes told clients the investment would generate a 20% return.

Click here to read the full article from Union Leader.

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