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Lowell Money Manager Admits To Stealing $3.5M From Clients, Elderly Couple's Life Savings: Feds
A Lowell money manager who police arrested trying to flee the country pleaded guilty to stealing millions of dollars of his client's money, including one elderly couple's entire life savings, federal authorities said.
Steven Xigoros, 55, pleaded guilty this week to two counts of wire fraud, one count of aggravated identity theft, and one count of filing a false tax return, the US Attorney for Massachusetts said.
Xigoros worked as an accountant, tax preparer, and investment advisor who federal investigators said used that position to misappropriate millions of dollars from his cl…
