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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2022-11-15T16:36:00
The former chief compliance officer of a New York-based investment adviser faces up to 20 years in prison and a $250,000 fine after pleading guilty to wire fraud in federal court.
Jennifer Campbell was indicted in June on 23 counts of wire fraud and aggravated identity theft by the U.S. Attorney’s Office for the Western District of New York. She will face sentencing in February after pleading guilty Nov. 9.
Campbell, who worked as office manager and CCO at the unnamed investment adviser, was accused of misusing her access to client accounts to modify account settings and misappropriate client funds. She carried out her misconduct between November 2018 and May 2021 by “writing checks from client accounts, forging the signatures of either the client or a principal at the firm, and then depositing the checks into her own personal account,” according to the Justice Department.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2023-11-03T18:00:00Z By Adrianne Appel
The president and chief compliance officer of investment adviser Prophecy Asset Management misled investors about more than $350 million in losses while pocketing millions in management and incentive fees, according to the Securities and Exchange Commission.
2023-06-22T16:08:00Z By Jeff Dale
The convicted former chief compliance officer at an unnamed New York-based investment adviser was barred from working in the industry by the Securities and Exchange Commission.
2023-06-09T15:20:00Z By Jeff Dale
Steven King, the chief compliance officer of a defunct pharmacy holding company, was found guilty of conspiracy to commit healthcare fraud and wire fraud for unnecessarily billing Medicare for more than $50 million in medical supplies.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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