Costello Law Group
Representing Clients Nationwide – Free Initial Consultations
Local 410-832-8800 Toll Free 877-418-0003

Matthew Hutcheson Found Guilty of 17 Counts of Wire Fraud

Well-known 401 (k) fiduciary advocate, Matthew D. Hutcheson, received a 210 month sentence after being found guilty of seventeen counts of wire fraud after an eight day trial. The U.S. attorney's office claims that Hutcheson took $5.3 million from about 250 of his clients. Hutcheson was also ordered to pay that amount in restitution. According to federal prosecutors, from 2010 through 2011, Hutcheson's scheme netted him profits of more than $5 million. Hutcheson used false account statements to deceive his victims into believing that their funds were being legitimately invested.

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:

No Comments

Leave a comment
Comment Information

Seek Legal Assistance

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

409 Washington Avenue Suite 410
Towson, MD 21204

Toll Free: 877-418-0003
Phone: 410-832-8800
Fax: 410-832-8807
Towson Law Office Map