CBS2-Header-Logo WFAN 1010WINS WCBS tiny WLNYLogo

Business

Ex-Broker Faces Sentencing For Stealing From Clients

View Comments
(credit: AP)

(credit: AP)

TRI-STATE NEWS HEADLINES

From our newsroom to your inbox weekday mornings at 9AM.
Sign Up

BRIDGEPORT, Conn. (AP) – A former Connecticut securities broker faces sentencing for stealing more than $1.35 million from his clients.

Gregory Buchholz of Bridgewater is scheduled to be sentenced Monday in federal court in Bridgeport. He pleaded guilty to wire fraud.

Prosecutors say the 45-year-old Buchholz liquidated clients’ annuities and mutual funds and kept the proceeds while working at Raymond James Financial Services.

They say he forged clients’ names, claimed he was reinvesting their money or told other lies to placate them.

Attorney Thomas Seigel has said Buchholz deeply regrets his actions. Seigel and prosecutors emphasized that Raymond James was not implicated, immediately fired Buchholz and is reimbursing investors.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

View Comments