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Advisor Sentenced to 9 Years in Prison for Investing Scam

Monday, May 25 2015

Regulatory & Compliance

Written by PFA News

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St. Louis area financial advisor Bryan Binkholder has been sentenced to nine years in federal prison and must repay victims $3.6 million after pleading guilty to wire fraud and bank fraud. So reports the St. Louis Post-Dispatch.

He recruited investors through educational programs on YouTube and by publishing books and appearing on radio programs, but he pocketed clients’ assets rather than fulfilling his promises to invest the money in real estate.

Read the full article from the St. Louis Post-Dispatch.

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