Former Virginia Beach broker sentenced for wire fraud, took money from clients' accounts

We also have more stories about:
(click the phrases to see a list)




NORFOLK, Virginia — A former Virginia Beach broker has been sentenced to more than four years in prison for taking clients' money.

Jeffrey Scott Davis had pleaded guilty in November 2014 to wire fraud. The Virginian-Pilot ( ) reports that he was sentenced on Wednesday.

Davis also has agreed to make restitution to Ameriprise Financial.

Davis admitted to taking $192,000 from five clients' brokerage accounts while working as an independent broker for Ameriprise Financial. He used the money to pay credit card debts.

Assistant U.S. Attorney Alan Salsbury says all five victims were elderly women.

Information from: The Virginian-Pilot,

All content copyright ©2015 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528