St. Louis-Area Investment Adviser Admits Fraud

Greg John Campbell, a St. Louis-area investment professional, has admitted siphoning more than $1.8 million from his clients’ accounts.

Campbell, 34, a Ladue resident, pleaded guilty last Friday in St. Louis federal court to two counts of wire fraud.  He faces 40 years in prison.

Investigation by securities attorneys Jason Kane and Joe Peiffer established that Campbell was a licensed stockbroker for much of the period when he allegedly diverted more than $1.4 million from client accounts to himself.

“Securities broker-dealer firms have a duty to adequately supervise their stockbrokers and prevent them from defrauding their customers,” said Jason Kane.  “Broker-dealer firms must have reasonable systems in place to detect violations such as misappropriation of customer funds from firm accounts,” said Joe Peiffer.

Attorneys Kane and Peiffer are preparing to take action on behalf of Campbell investors, against those financial industry members that failed in their duties to reasonably supervise Campbell and prevent him from allegedly misappropriating customer life savings.

Investors who lost money with Greg Campbell may call attorneys Jason Kane or Joe Peiffer for a free evaluation of their case at 585-310-5140.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.