Ex-AXA rep indicted for fraud

Gordon Robert Moore, a former financial representative of AXA Equitable Life Insurance, was indicted Tuesday by a Colorado grand jury on 45 counts of theft, securities fraud and forgery. Mr. Moore was accused of forging termination documents for employees of a Colorado school district to move their 401(k) investments to 403(b) accounts he handled, according to the indictment. He is accused of improperly bringing $1.7 million from 401(k) plans managed by CitiStreet to AXA Equitable and pocketing more than $100,000 in fees for himself. Each of the 10 counts of securities fraud could carry four to 12 years imprisonment and fines of up to $750,000. “We have terminated Gordon Robert Moore’s employment. We are cooperating fully with the state attorney general, and we are taking steps to ensure that we do what is right for our clients,” said Lisa A. Tibbitts, AXA spokeswoman.