Ind. woman gets prison time for craigslist investment scam

An Indianapolis woman has been sentenced to four years in prison after she was convicted of defrauding investors in an Internet business venture.
DEC 29, 2009
An Indianapolis woman has been sentenced to four years in prison after she was convicted of defrauding investors in an Internet business venture. Sixty-seven-year-old Wanda Robertson pleaded guilty to securities fraud charges this week in a Johnson County court. She also was ordered to repay the victims a total of $170,000. Authorities say Robertson solicited investors through the Web site Craigslist for a scheme where they would be paid for use of their credit histories to obtain loans for her business. The charges resulted from an investigation by state police and the Indiana secretary of state's office.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave