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Financial Coach and Author Sentenced to 9 years in Prison

Financial coach and author, Bryan Binkholder, has been sentenced to nine years in prison for soliciting clients to participate in his "hard money lending" program. Prosecutors allege that the program was falsely described as a real estate investment in which Binkholder would allegedly act as a bank to developers. While Binkholder did make some loans to real estate developers, he used the majority of the money for his own personal expenses. Binkholder's sentence also requires him to pay over $3.6 million in restitution. Binkholder allegedly is planning on appealing the sentence.

If you believe you have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of the Costello Law Group at (877) 418-0003 for a free consultation.

To read more, please visit: http://www.investmentnews.com/article/20150518/FREE/150519916/adviser-faces-nine-years-in-prison-for-diverting-investment-funds

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