In Indianapolis, a financial advisor was found guilty this week of wire fraud and tax fraud after stealing $4.6 million from a client’s investment account to fund his sports betting activities. Christopher Turean, who was employed at Valeo Financial Advisors, used the stolen funds to place bets on platforms like DraftKings and FanDuel. Additionally, Turean misreported his income to the IRS and is now facing charges for filing a false tax return. As part of his plea agreement, he has agreed to make full restitution to the victim and pay an additional $1,725,246 to the IRS. Turean, who has 11 years of experience in the securities industry, had his CFP certification revoked in September 2022. He faces up to 20 years in prison for the wire fraud charge. No sentencing date has been set. The post Indiana Financial Adviser Siphoned $4.6M for Sports Betting, Expenses appeared first on Casino.org.



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