North Shore financial adviser Cherry pleads guilty to $5M fraud

Fri, 07 Sep 2012

Sept. 7 (BusinessDesk) - Albany-based financial adviser Evan Cherry pleaded guilty to four charges out of seven levelled against him in a $5 million fraud in the North Shore District Court today. Cherry admitted four charges under the Crimes Act relating to the misappropriation of investor funds and false statements in investor reports and has been remanded in custody until sentencing on Dec. 11, the Serious Fraud Office said in a statement. The fraud took place between January 2001 and February 2007 when funds were invested contrary to in...

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