Caplitz told clients the money would be invested in a hedge fund but instead transferred the money to the firm’s chief investment officer, who spent the money for personal items.
Read the full article from WilmingtonPatch here.
Estimated reading time: 0 minutes, 18 seconds
Advisor Charged with Stealing $1.1M
The SEC has charge Gregg D. Caplitz and his advisory firm, Insight Onsite Strategic Management of Wilmington, with bilking $1.1 million from clients, reports the WilmingtonPatch.
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