The former chief compliance officer and controller of Executive Compensation Planners (ECP), a registered investment adviser and financial planning firm, pleaded guilty Tuesday for participating in a Ponzi scheme that defrauded clients out of more than $11 million.
Vania May Bell pleaded guilty to one count of conspiracy to commit wire fraud before U.S. Magistrate Judge Judith McCarthy of the U.S. District Court for the Southern District of New York. She faces a maximum potential term of 20 years in prison and a maximum fine of $250,000, or twice the gross gain or loss from the offense.
