Watch CBS News

Former Top Broker Gets Over 17 Years For Scamming Clients

SCRANTON, Pa. (AP) — A former Pennsylvania financial adviser who earned millions by pushing high-risk, high-fee investments on unsuspecting retirees has been sentenced to more than 17 years in federal prison.

A judge said Friday that Anthony Diaz took advantage of dozens of clients.

Some of them lost their life savings or were unable to send their children to college as a result of the fraud.

Diaz was handcuffed in the courtroom and led away to immediately begin serving his sentence.

He has been living in Florida.

(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.