Jerry Wayne Simpson, a Western Kentucky Financial Advisor, Allegedly Used False Paperwork and Dishonest Statements to Rob Clients of $400,000
Jerry Simpson, a financial advisor in Western Kentucky, allegedly made false misrepresentations and false paperwork to rob clients of $400,000, according to Reports from a federal grand jury under review by investor rights attorney Alan Rosca.
Said grand jury reportedly indicted Jerry Simpson on three counts of alleged wire fraud, a charge punishable by up to 20 years in prison, the Reports note.
Jerry Simpson was registered with Thrivent Investment Management Inc. in Madisonville, Kentucky from August 21, 2015 through December 15, 2017, according to Simpson’s BrokerCheck Report.
Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to Jerry Simpson’s alleged theft of client funds. Investors who believe they may have lost money in activity related to Jerry Simpson’s alleged theft of client funds are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Jerry Simpson Allegedly Failed to Inform Thrivent Investment that He Had a Felony Charge Alleging Wanton Abuse/Neglect of an Adult; Simpson Barred by FINRA
Jerry Simpson also allegedly did not inform Thrivent Investment that he had a felony charge alleging wanton abuse/neglect of an adult by a person, and that he may have allegedly misappropriated funds from customers, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) under review by investor rights attorney Alan Rosca.
Said findings were allegedly reported on Simpson‘s Form U5, the AWC notes.
Simpson, in one case, allegedly forged a clients’ name on paperwork requesting to have money withdrawn from the individual’s annuities, and Simpson allegedly withdrew approximately $248,000 from the victim’s accounts and had it deposited in his personal bank account, the indictment charged.
Simpson, in another case, allegedly falsely made misstatements to a widow that her late husband had taken out a loan against his life insurance policy and gave her a cashier’s check for $54,769 when the policy actually was worth $82,000, the indictment notes.
Simpson, based on the aforementioned behavior, has been barred by FINRA, the AWC reports.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated, and that Jerry Simpson reportedly consented to the FINRA settlement without admitting to or denying FINRA’s findings.
Securities Lawyer Investigating
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Jerry Simpson’s alleged theft of client funds. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Jerry Simpson’s alleged theft of client funds may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
