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Cherry-picking securities scheme

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$2.7M Scheme: Greenwich Investment Advisor Admits Defrauding Dozens Of Clients $2.7M Scheme: Greenwich Investment Advisor Admits Defrauding Dozens Of Clients
$2.7M Scheme: Greenwich Investment Advisor Admits Defrauding Dozens Of Clients An investment advisor based in Fairfield County has admitted to defrauding dozens of clients of $2.7 million through a “cherry-picking” securities scheme. Jonathan Vincent Glenn, age 54, of Greenwich, waived his right to be indicted and pleaded guilty late last week in Hartford federal court to defrauding investment clients through a “cherry-picking” securities scheme. Through this scheme, Glenn defrauded over 45 clients a total of around $2.7 million, according to federal authorities. Glenn's plea and details in the case were announced on Friday, Oct. 6 by Vanessa Roberts Avery, Unit…

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by Joe Lombardi