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Utah Man Defrauded Widow

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A Utah man was charged with four felony counts of theft and fraud for taking hundreds of thousands of dollars from an elderly widow in an investment scheme.
 
Fortunately she was able to recover most of her savings.

Investment Advisor Charged with Fraud

KSL-TV - 3/17/2006 6:11 PM

In 2001, Marcia Peay unexpectedly lost her husband to cancer. He left her $880,000 in stocks. The woman went to Roundy to invest the money.
 
Court documents show that in a two and a half year period, the victim was directed to invest and re-invest her diminishing capital, and eventually lost or was taxed mor
 
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