Advisor Kept Ponzi Scam Going for 10+ Years
- Friday, 13 May 2016
- Regulatory & Compliance
Claus Foerster, of Spartanburg, N.Y., convinced clients to transfer assets from their accounts to his own account to get access to fictitious investments, and he then spent the money for his personal needs, according to a press release from United States Attorney Bill Nettles. So reports WYFF4.com.
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