The SEC has charged a broker based in Roanoke, Va., withdefrauding elderly customers by stealing their funds for herpersonal use and falsifying their account statements to cover upher fraud.
According to the SEC's complaint filed in U.S. District Courtfor the Western District of Virginia, Donna Jessee Tucker siphoned$730,289 from elderly customers and used the money to pay for suchpersonal expenses as vacations, vehicles, clothes, and a countryclub membership.
Tucker ensured that the customers received their monthly accountstatements electronically, knowing that they were unable orunwilling to access their statements in that format, the SEC saidJuly 31.
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