DAVID E. SEAGREN (CRD# 1180218) a 70 year-old former financial advisor who had pled guilty in Pennsylvania in 2014, want to withdraw his guilty plea. Seagren initially pled guilty to charges of stealing money from a 97 year-old woman.
After Seagren asked to withdraw his guilty plea before he was to be sentenced Monday morning in Crawford County Court, he was told by the Judge that if he goes to trial he will face all the charges against him. The Judge then ordered a hearing for Seagren to witdraw his guilty plea.
Seagren was charged with allegedly stealing thousands of dollars from the bank account of the 97-year-old woman and spending the money on himself between February 2011 and December 2013. He had been the woman's insurance agent and financial advisor. Seagren originally pled guilty to eight charges, six counts of theft by deception, and two counts of forgery. Seagren was facing up to 62 years in prison and $140,000 in fines on those eight counts. He was also to repay her estate $189,750 in restitution.
Seagren could now face trial on 52 charges filed against him. These included 22 counts of theft by deception and theft by unlawful taking, and eight counts of forgery, which if convicted could then face up to 388 years in jail and $860,000 in fines. Seagren is free on $25,000 bond.
According to FINRA's BrokerCheck, DAVID E. SEAGREN has been registered in the securities industry for 29 years and was previously registered with the following securities firm(s):
01/2006 - 01/2014 FORTUNE FINANCIAL SERVICES, INC. (CRD# 42150) - RENO, PA
10/2005 - 12/2005 FINANCIAL NETWORK INVESTMENT CORPORATION (CRD# 13572) - RENO, PA
10/2001 - 10/2005 BLUE VASE SECURITIES, LLC (CRD# 46765) - RENO, PA
11/1997 - 10/2001 1717 CAPITAL MANAGEMENT COMPANY (CRD# 4082) - NEWARK, DE
09/1984 - 12/1997 PRUCO SECURITIES CORPORATION (CRD# 5685) - NEWARK, NJ
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