​Former investment adviser CCO pleads guilty to wire fraud

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.