Crime & Safety
Buford Man Charged with Bilking Investors Out of $2 Million
The Securities and Exchange Commission charged Blake Richards, a registered representative of a broker dealer, with the theft.
The Securities and Exchange Commission has charged a Buford man with violationing federal securities laws regarding misappropriating investor funds.
Blake Richards, a registered representative of a broker dealer, is accused of siphoning off about $2 million from at least six investors, according to the SEC.
The majority of those funds can from retirement savings and/or life insurance proceeds from deceased spouses. Federal officials believe Richards used the money for his personal use.
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A court hearing date is scheduled for June 6.
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