Lori Zoval, 47, South Lake Tahoe, CA, was a licensed securities broker. Unfortunately, it appears that Zoval believed that not only was she licensed to sell stocks but that she was also licensed to steal.
On July 06, 2010, a federal grand jury indicted Zoval with wire fraud. Prosecutors alleged that Zoval reaped over $439,000 from a couple for whom she managed investments, and that she used the stolen funds for her personal benefit at casinos, restaurants, nail salons, as well as to pay for travel, gas, groceries, and other personal expenses. As with most of these rip-offs, Zoval simply fabricated documents to conceal her crimes – going so far as to engage in forgery and to secure notarizations. If convicted of the charges, she faced a maximum statutory penalty of 20 years in prison and a $250,000 fine for each violation.
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