Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

North Canton Ohio Man William Morgan Sent to Prison for Stealing From Elderly

Former Ohio Securities Salesman, William F. Morgan, is Headed to Prison for Stealing from the Elderly

A former North Canton securities salesman has been sentenced to five years in prison for stealing from the elderly in an investment fraud scheme involving unregistered securities.

According to court documents, William F. Morgan sold approximately $162,000 in unregistered securities to 15 investors, at least nine of whom were elderly. The sales were made after Morgan was terminated as a licensed securities salesman for failing to cooperate in a securities investigation.

Investors believed they were investing in MA & P Partnership, which William Morgan organized and managed.

Morgan told investors their investments were safe, secure, and couldn’t be lost. Instead of directly investing the funds as represented, however, Morgan deposited them into his personal bank account and used them for personal purposes.

Morgan pleaded guilty to the scheme on March 18, 2013. He was convicted on 44 criminal counts: six counts of grand theft, nine counts of theft from the elderly, 14 counts of selling unregistered securities, and 15 counts of securities fraud.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram