Printer-Friendly
Email this Story
Post a Comment (0)
Investment broker sentenced for defrauding client and employer
Brandon J. Cook, age 36, of Chantilly was sentenced by United States District Judge James C. Cacheris to 36 months incarceration and ordered to pay restitution in the amount of $542,500 in connection with a scheme to defraud one of his brokerage clients at Legg Mason Wood Walker, Inc.
Dana J. Boente, Acting United States Attorney for the Eastern District of Virginia, Joseph Persichini, Jr., Assistant Director in Charge, Federal Bureau of Investigation, Washington Field Office, and Gregory Campbell, Jr., Postal Inspector in Charge, Washington Field Office, United States Postal Inspection Service, made the announcement today following the sentence.
Cook had pleaded guilty to wire fraud on August 8, 2008.
According to court documents in support of the guilty plea, Cook was a registered broker who managed client accounts at Legg Mason’s office in McLean. From March 2002 through June 2005, Cook defrauded one of his clients of approximately $602,500 by forging his client’s signature on transfer authorization letters as well as forging a number of checks drawn on his client’s account.
The investigation was conducted by Special Agents of the FBI and the Postal Inspection Service. The case was prosecuted by Assistant U.S. Attorney Stephen Learned and Special Assistant U.S. Attorney Mary F. Walters.
You must be logged in to post a comment.