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For wire fraud, an ex-CFO was sentenced to three years in prison

For cheating clients and her firm, a former senior compliance officer of an undisclosed New York-based financial adviser was sentenced to three years in jail.

Jennifer Campbell must also pay $371,332 in restitution, according to the U.S. Attorney's Office for the Western District of New York. In November, Campbell pleaded guilty to wire fraud.


Campbell stole more than $500,000 from her former clients and company between 2018 and 2021, largely by creating cheques with the fake signatures of her clients or a principal at the firm.


When a broker-dealer became suspicious and informed anti-money laundering and financial crimes officials, Campbell attempted to conceal her illicit activities by hacking into the email accounts of her firm's principals and providing bogus documents to the investigators. Her boss approached her about it after the broker-dealer stopped their relationship.



Campbell was charged with various securities laws offences by the Securities and Exchange Commission in June. According to the agency's complaint, Campbell utilised voice-altering software to impersonate coworkers over the phone, among other prohibited methods to try to cover up her criminal activities.


In its ongoing case, the SEC wants permanent injunctions, disgorgement plus prejudgment interest, and civil penalties.

By fLEXI tEAM


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