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Financial adviser pleads guilty to theft of more than $1.6 million

Admits to stealing money from a family's trusts that he was managing and using it for personal expenses. (Related read: Massachusetts investment adviser Gregg Caplitz sentenced to prison for fraud, SEC says )

A former financial adviser has pleaded guilty to stealing more than $1.6 million from the beneficiaries of three trusts that he managed, according to a statement from the New York City's district attorney's office.

The adviser, Brian Keenan, 60, is expected to be sentenced on December 21, according

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