News

U.S. Attorney charges local financial adviser with fraud

U.S. Attorney charges local financial adviser with fraud

Photo: clipart.com

KGMI News Reporting
By Mike Curtiss

BELLINGHAM, Wash. – A financial adviser in Bellingham is accused of stealing more than a quarter-million dollars from his clients.

Jeffrey Knutsen was the owner of Bellwether Wealth Management.

He was barred from financial advising by regulators in 2005 after a complaint that he embezzled from a customer’s account.

But Emily Langlie with the U.S. Attorney’s office says he kept working with clients and draining their retirement money.

Knutsen was arrested yesterday on charges of wire fraud.

He could get up to 20 years in prison if he’s found guilty.

Langlie says the Financial Industry Regulatory Authority website www.finra.org allows people to check an adviser’s background for free.

Recent Headlines

in Entertainment

REVIEW: Adults, stay away from ‘If I Stay’

Fresh
If I Stay

Is it just for the cash, or do the people behind these teen romance fantasies actually believe they are being profound?

in Entertainment

Murder, revenge , lust take over ‘Sin City’ sequel

Fresh
sincity

A complex web is weaved in "Sin City: A Dame to Kill For," as old and new faces from Frank Miller's graphic novels are brought to life.

in Entertainment

Julianne Hough dances back to ‘Dancing’ as judge

Fresh
hough

Two-time champion Hough is returning to the ballroom as a judge this season.

in Lifestyle

378 people ‘pay it forward’ at Starbucks

Fresh
starbucks

A woman started an act of kindness chain that lasted for hours at a Starbucks drive-thru in Florida.

in National

Brace yourself: ‘Farmer’s Almanac’ calls for cold winter

polar

The almanac predicts a "super-cold" winter in two-thirds of the country.