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Barred broker sentenced to 30 months for defrauding clients

Ponzi prison

Elias Herbert Hafen ran his scam at Wells Fargo and Morgan Stanley

Former Wells Fargo and Morgan Stanley broker Elias Herbert Hafen has been sentenced to 30 months in prison for having defrauded his clients out of more than $1.6 million. Mr. Hafen, of New York, previously pled guilty to one count of investment adviser fraud.

From 2011 until 2018, according to th

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