Adviser Sentenced to 25 Year Prison Term for Ponzi Scheme

Posted on July 14th, 2015 at 8:33 AM
Adviser Sentenced to 25 Year Prison Term for Ponzi Scheme

From the Desk of Jim Eccleston at Eccleston Law LLC:

Sean M. Meadows will serve 25 years in prison for fraud after admitting to stealing more than $10 million from 55 clients in a Ponzi scheme.

Through investment adviser Meadows Financial Group, Meadows was able to take $13 million by falsely documenting 10% returns from investments in bonds and real estate.

Instead, Meadows used the money to pay his salary, payments to his spouse, credit card bills, travel expenses, and tabs at gambling and adult entertainment establishments. Some of the stolen money was used to pay back earlier investors who Meadows had defrauded.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law,

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