Pennsylvania Broker Charged In Ponzi Scheme

Posted on July 29th, 2014 at 9:04 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Patricia S. Miller, a Pennsylvania broker, was charged with conducting a massive Ponzi scheme.

Miller allegedly used her position as a trusted financial adviser, as well as her association with a Massachusetts-based broker dealer, to obtain money from clients for purported investments that Miller never made on their behalf. Specifically, Miller promised high returns if clients put their money into “investment clubs” called “KS Investments” and “Buckharbor.”

Miller also represented that funds put into her investment clubs would be placed in fixed-income notes and other investments. However, instead of investing the money as promised, Miller misappropriated client funds for her own personal use.

Those investors who had accounts with Miller should contact Eccleston Law. 

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

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