Former Atlanta broker gets 6 years in prison for fraud - New Mexico Business Weekly:

esivyjifag.wordpress.com
The 48-year-old Atlanta resident also mustpay $878,100 in He was sued previously by the U.S. Securities and Exchange which obtained a judgment againstg Barton and his former investment firms for morethan $4 milliohn in penalties and disgorgement of as well as various injunctive and other From at least 1995 through 2002, Barton was a managerr at an Atlanta branch of the nationall brokerage firm , based in St. After he was fired from A.G. Edwardds in 2002, he began his own investment advisoryt firms, LLC and LLC, both based in Atlanta. From at least 2001 through 2007 -- befored and after leaving A.G.
Edwards -- Barton fraudulently diverted to himself client fundsa that he was entrustedwith investing. In Barton defrauded a 90-year old Alzheimer'se patient, identified in court by her “RF.” After learning of RF'sd diagnosis in 2001, Barton fraudulentlyt diverted morethan $1 million of RF's assetzs to his own checking account, which he spent on personalo lifestyle expenses and to fund the development of Twinspan Capital. As a the balance in RF's investment and bank accountx fell fromapproximately $1.3 million in 1999 to less than $100 in 2004.
In additiojn to diverting client money from RF and at least oneother client, Barton committerd securities fraud by selling shares in his new Twinspan, based on false pretenses. he raised more than $1 million in investments in Twinspabn by claiming he would use the proceeds to operate and growthe business. However, he insteae diverted at least half of thesee supposed investmentsto himself, which he used to satisfuy personal debts and pay personal lifestyle expenses. Bartohn was indicted in December 2008. He pleaded guilty in Marcj 2009.