Indianapolis Financial Advisor Pleads Guilty to Investment Fraud

Posted on November 18th, 2014 at 4:31 PM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Kevin James, an independent financial advisor in Indianapolis, has been sentenced to 10 years in prison for orchestrating an investment fraud.

Kevin James was registered as a financial advisor at Woodbury Financial Services from 2002 to 2008. He convinced his elderly clients to cash out their annuities and insurance policies and invest the money in FSP Investment, which did not exist. James promised the clients higher returns than what they could receive from their annuities and insurance policies.

James pled guilty to securities fraud, mail fraud and money laundering. In addition to the jail term, he was ordered to pay restitution to the victims.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: FINRA, FSP, Kevin James, Investment Fraud

Return to Archive

Request a Free Consultation

Attorneys are standing by during regular business hours. Call us now for immediate service, or complete the form below and we will contact you as soon as possible.

Chicago

55 West Monroe St.

Suite 610

Chicago, Illinois 60603

(312) 332-0000

(312) 332-0003

New York City

One Liberty Plaza

165 Broadway, 23rd Floor

New York, New York 10006

(212) 203-9169

(312) 332-0003

Sarasota

240 South Pineapple Ave.

6th Floor

Sarasota, Florida 34236

(941) 363-6657

(312) 332-0003

Boca Raton

2255 Glades Road

Suite 324A

Boca Raton, Florida 33431

(312) 332-0000

(312) 332-0003

The law is continuously changing. Please do not rely on information found on this site without consulting a lawyer to determine if any recent changes in the law may have an impact.