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

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We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele


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