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Southampton Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing: Jury Southampton Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing: Jury
Southampton Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing: Jury A former investment adviser and founder of a New York financial advisory firm could spend decades in federal prison for conning his clients out of more than $1 million. Long Island resident Jeffrey Slothower, age 46, of Southampton, was found guilty of wire fraud and related charges by a jury in Central Islip federal court on Thursday, May 16. According to prosecutors, in 2017 Slothower targeted a California couple whose money he had managed at another financial services firm, promising them he could beat any rate of return they were receiving at his own firm, Battery Private. He offered t…

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by Michael Mashburn
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Suffolk Financial Advisor Accused Of Misappropriating More Than $1M Suffolk Financial Advisor Accused Of Misappropriating More Than $1M
Suffolk Financial Advisor Accused Of Misappropriating More Than $1M A former registered investment adviser and founder of a New York financial advisory firm has been charged with fraud and money laundering. An indictment was unsealed on Monday, Dec. 6 in federal court in Central Islip charging Long Island resident Jeffrey Slothower, of Suffolk County, with wire fraud, investment adviser fraud, and money laundering in connection with a scheme to misappropriate more than $1 million from current and prospective clients. Slothower was arrested earlier in the day at his home in Southampton. “As alleged, Slothower executed a calculated scheme in which he repeate…

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by Joe Lombardi