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A North Carolina man will spend several years in prison after stealing from at least 64 investors when he was still in his teens and early twenties.
A Maryland federal judge sentenced 25-year-old Hunter Haithcock to 3 1/2 years of incarceration after he pleaded guilty to counts of wire and investment advisor fraud last fall.
According to the court, between September 2019 and October 2022, Haithcock stole at least $655,498 from his victims. Haithcock, who was based in North Carolina, lied to victims, claiming he worked as a registered investment advisor. Though the Justice Department indictment doesn't name the company, a previously filed cease-and-desist order against Haithcock notes that he claimed to be an advisor at TD Ameritrade.
In fact, Haithcock was not registered and did not work at the brokerage firm, but used the name and other personal information of an advisor (including the advisor's CRD number) to interact with clients (the individual is identified only as M.W. in the Justice Department indictment).
#justice #department #years #least
A North Carolina man will spend several years in prison after stealing from at least 64 investors when he was still in his teens and early twenties.
A Maryland federal judge sentenced 25-year-old Hunter Haithcock to 3 1/2 years of incarceration after he pleaded guilty to counts of wire and investment advisor fraud last fall.
According to the court, between September 2019 and October 2022, Haithcock stole at least $655,498 from his victims. Haithcock, who was based in North Carolina, lied to victims, claiming he worked as a registered investment advisor. Though the Justice Department indictment doesn't name the company, a previously filed cease-and-desist order against Haithcock notes that he claimed to be an advisor at TD Ameritrade.
In fact, Haithcock was not registered and did not work at the brokerage firm, but used the name and other personal information of an advisor (including the advisor's CRD number) to interact with clients (the individual is identified only as M.W. in the Justice Department indictment).
#justice #department #years #least
3 months ago
