October 23, 2013

Financial Advisor Accused of Bilking Widows out of $1Million

Fredrick McMenimen III of Exeter, New Hampshire, will go on trial in January, after a federal judge found him mentally competent to stand trial.
Federal prosecutors in New Hampshire say the financial advisor allegedly bilked widowed friends of his wife and mother out of more than $1 million. The 50-year-old McMenimen allegedly spent the money on his lavish lifestyle.

Fredrick McMenimen was accused of mail fraud, tax evasion, money laundering and interstate transportation of goods obtained by fraud and has plead not guilty.

Fredrick McMenimen III, according to FINRA's BrokerCheck, was previously registered with the following firms:

PRUCO SECURITIES, LLC.
CRD# 5685
PORTSMOUTH, NH
09/2007 - 10/2011

MML INVESTORS SERVICES, INC.
CRD# 10409
EXETER, NH
04/2005 - 01/2007

HORNOR, TOWNSEND & KENT, INC.
CRD# 4031
HORSHAM, PA
03/2003 - 02/2005

If you or a family member have experienced losses through your broker/financial advisor, call a Soreide Law Group for a free consultation on how to potentially recover your losses at 888-760-6552.

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