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.)

Comments (5)
  1. Mike says:

    Securities broker steals and cheat from clients. What else is new? Confiscate all his a$$ets and throw him in the ocean to feed the sharks.

  2. june Koone says:

    to all those who lost money with this man may i offer a heart felt HA! HA!

  3. ADRIAN.BOND says:

    most of the names as james r all stealers as it started from JESSE.JAMES TRY TO GO DEEP IN THOUGHT n yourll will come to know about th JAMES STILL TO SO DONT KEEP THAT NAME ANY MORE CAUSE IT WILL SPOIL TH NAME OF THAT SAINT JAMES

  4. MostTimesLifeIsNotFair says:

    “… deeply regrets his actions.”
    Deeply regrets because he got caught. The gov needs to seize all his assets to compensate for the costs of putting him behind bars. If not the taxpayers will get the short end of the stick, AGAIN.

  5. Bernie says:

    He deeply regrets that he got caught!…LOL

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