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.
This blog is for general information only. It does not, and is not intended to, include any legal advice. We enter into attorney-client relationships only pursuant to written agreements signed by both parties. Nothing in this blog shall be construed to be an offer to provide legal services or a solicitation of an attorney-client relationship.