Embezzlement/Stealing money??
What is the name of your state? Illinois
I believe someone I know is in serious trouble. This person embezzeled over $30,000. He worked as a financial advisor and forged family member's signatures to get money from their investment accounts. The company he worked for had him sign a confession (legal document?) and fired him. He has a new job and is paying back the insurance company that refunded the stolen investment money. I'm sure his SEC license has been taken away. Now he told me that he is being prosecuted. What does this mean? Will he serve time? I haven't been able to get the whole truth fom him and I am worried he doesn't understand how serious his actions were. Please advise-thank you.
What is the name of your state? Illinois
I believe someone I know is in serious trouble. This person embezzeled over $30,000. He worked as a financial advisor and forged family member's signatures to get money from their investment accounts. The company he worked for had him sign a confession (legal document?) and fired him. He has a new job and is paying back the insurance company that refunded the stolen investment money. I'm sure his SEC license has been taken away. Now he told me that he is being prosecuted. What does this mean? Will he serve time? I haven't been able to get the whole truth fom him and I am worried he doesn't understand how serious his actions were. Please advise-thank you.
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