SFO accuses financial adviser of swindling family and friends in $5 mln fraud

Sun, 10 Jun 2012

By Hannah Lynch June 11 (BusinessDesk) - The Serious Fraud Office has accused North Shore financial adviser Evan Cherry of swindling family and friends in a fraud worth at least $5 million. The white collar crime investigator has leveled 13 charges against Cherry, the sole director of Albany-based Investment Solution, saying he stole investors' funds and made false statements in offer documents. The SFO claims at least $5 million out of the $9 million Cherry received from about 175 investors weren't invested in accordance with instructions....

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