Detroit investment advisor took $90,000 from clients to spend on himself, officials say
Read full article: Detroit investment advisor took $90,000 from clients to spend on himself, officials sayDETROIT – A Detroit investment advisor took $90,000 from two of his clients and spent the money for himself, according to officials. Lawrence Roberson, 74, of Detroit, defrauded the victims through his company, Wealth Management Group, authorities said. READ: Officials charge 14th person linked to domestic terror plot targeting Michigan Gov. WhitmerRoberson offered to “invest” money for two of his clients at a high rate of return, but spent the money through large ATM withdrawals after depositing their checks, officials said. Roberson is charged with two counts of embezzlement, two counts of securities fraud and one count of failure to file a tax return.