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: Caveat EmptorFinancial advisor scams $400k from elderly couple
By Sam Glover
Joseph W. Hughes was a financial services rep for AXA Advisors, and represented an elderly couple. The husband suffered a stroke in 2005, which Hughes took as his cue to start pillaging their account. Instead of investing their money, he spent it on jewels, country club fees, and a 1969 Chevy Nova.
And now he faces up to 25 years in prison for mail fraud and tax evasion.
Full post as published by Caveat Emptor on July 08, 2008 (boomark / email).
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