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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.
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Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
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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.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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