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US Financial Advisor Jailed For Stealing From Elderly Clients
Tom Burroughes
15 October 2009
A financial advisor, Julie Jarvis, was sentenced to 5 1/2 years in prison today for stealing nearly $2.7 million from two elderly clients, according to the Columbus Dispatch publication in Ohio. Julie Jarvis was sentenced by US District Judge Gregory Frost in federal court in Columbus. A federal court in Columbus, Ohio, heard that Ms Jarvis had 250 clients with accounts in excess of $22 million at Crossroads Financial Planning in Upper Arlington, but stole only from Barbara Stradley, 86, of Upper Arlington, and Joanne Rainey, 87, of Canton. Ms Jarvis funneled the money from their accounts into her own between 2000 and 2009. She pleaded guilty in May to mail fraud. She has made about $1 million in restitution, but the judge told relatives of the victims, neither of whom appeared in court, that he can't promise they will recover the rest.