As reported in the Orlando Sentinel (http://www.orlandosentinel.com/business/nationworld/sns-ap-us-securities-plea,0,360412.story), the former chief compliance officer at a Greenwich, Conn.-based securities company has plead guilty to conspiracy to commit securities fraud and wire fraud.
The plea was entered Tuesday by Deborah Duffy. Federal prosecutors in Manhattan say Duffy participated in a scheme to defraud investors in WG Trading Co. from 1996 through February.
Prosecutors say Duffy and others at the company failed to invest money as promised for investors and instead used the funds for their personal benefit.
The government said the company’s customers included charitable and university foundations, pension and retirement plans and other institutions. Two investment advisers who ran the business have already been charged in the case.
Duffy signed a cooperation agreement with the government. Sentencing was set for Jan. 21, 2010.
If you were defrauded by WG Trading Co. or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Ration, Florida.
To learn more about The White Law Group, visit https://whitesecuritieslaw.com.Tags: Compliance Officer, WG Trading Co. Last modified: December 7, 2022