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

St. Louis Woman Pleads Guilty to $6 Million Investment Scheme

Victoria McGee-Harris, a securities broker from St. Louis, pled guilty to fraud charges on Thursday in a $6 million investment fraud case ("St. Louis broker admits $6 million investment scam, feds say," St. Louis Post-Dispatch, March 24, 2011).

According to court documents, McGee-Harris admitted to (individually and as Metro East Insurance Group) defrauding numerous clients as a licensed insurance agent and securities broker in Swansea, Illinois. Over a period of seven years (beginning in January of 2003), she convinced clients to pay for investment and insurance products that were never purchased. Instead, she misappropriated client funds, comingled them in her personal accounts, and used the money for personal purposes ("Victoria McGee-Harris admits to multi-million dollar fraud investment scheme," KSDK.com, March 24, 2011). She also misrepresented and omitted key investment facts, and opened new investor accounts with money obtained from other investors.

The Illinois Secretary of State suspended McGee-Harris's license in January of 2010. She is scheduled to be sentenced on July 8. She faces up to 30 years in prison and/or $250,000 in fines and mandatory restitution.

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

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

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

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
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