Central Coast advisor charged with defrauding investors

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By KAREN VELIE The Securities and Exchange Commission filed civil charges last week against a Central Coast investment advisor and the wealth management

The Securities and Exchange Commission filed civil charges last week against a Central Coast investment advisor and the wealth management firm she co-founded for allegedly stealing $2.25 million from at least nine elderly female clients. As part of its case, the SEC froze Julie Darrah’s assets.

Based in Orcutt, Darrah concealed her scheme by, among other things, changing client account mailing addresses to her own address.

Source: News Formal (newsformal.com)

 

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