 |
|
|
Maryland News
Advisor sentenced for defrauding clients
February 04, 2012 01:49 GMT
BALTIMORE (AP) -- Federal prosecutors say a financial advisor who stole from a trust held for a child with cerebral palsy and another held by an elderly woman has been sentenced to four years in prison.
Fifty-three-year-old Ralph Edward Thomas Jr. of Reisterstown was also ordered to pay more than $800,000 in restitution, forfeit his home and luxury cars at sentencing on Friday.
According to his plea agreement, Thomas stole from a trust established for the child and used the money to buy his Reisterstown home. He also stole from an elderly woman's account and used the money to pay his credit card bills.
Maryland Headlines
Advisor sentenced for defrauding clients
BC-MD--Hagerstown Recycling,78
BC-MD--Oyster Diving-Violations,120
BC-US--Raw Milk-Illnesses, 2nd Ld,126
BC-MD--Preakness-Infield Lineup,127
BC-MD--Correctional Officers Charged,126
^..6070< AP-MD--No More 10-4,92
BC-MD--Georgian President-Naval Academy, 1st Ld-Writethru,106
Md. inmate guilty of murdering cellmate with TV
BC-US--Raw Milk-Illnesses, 1st Ld-Writethru,129
BC-DC--Spy Complex Approved,125
BC-DC--Metro-Red Line Track Work,103
BC-MD--Baltimore Mayor-Pension Trial,131
Georgian president to visit Naval Academy
^..6070< AP-MD--McDaniel-Stadium,120
 |
|
|
AP News
 |
|
|
Get This
SUPER BOWL-BRADY AND BUFFALO
INDIANAPOLIS (AP) -- Hey, Buffalo's not so bad.
Business News
Obama: Economic recovery speeding up
ARLINGTON, Va. (AP) -- President Barack Obama says the economy is growing stronger and the economic recovery is speeding up.
Consumer Info
Builders step up spending for fifth straight month
WASHINGTON (AP) -- Builders increased their spending in December for the fifth consecutive month, offering more evidence of a turnaround in the battered construction industry. ...
Science/Tech News
IN THE NEWS: A SUPER CRACKDOWN
NEW YORK (AP) -- If your Super Bowl-watching plans included checking out the big game on one of those "don't tell anybody about this" web sites that feature streams of live sporting events -- better make other plans.
