October 2, 2013

Tucson Financial Advisor Sentenced in Charity Theft

A 68-year-old Tucson, Arizona financial advisor, James Murphy, has been sentenced to serve more than two years of probation and perform 1,000 hours of community service in a charity theft case. Murphy was also ordered to pay $115,000 of restitution and a $46,000 fine. He paid the fines on September 27, 2013.

James Murphy pleaded guilty to stealing tens of thousands of dollars from the Elizabeth Ann Parkman Foundation, a nonprofit that gave millions of dollars to many groups. He had resigned his position at Morgan Stanley and voluntarily gave up his financial adviser's license.

Soreide Law Group represents clients nationwide. If you or a family member have sustained losses due to your stock broker or financial advisor’s recommendations, call for a free consultation on how to potentially recover your losses. To speak with an attorney call 888-760-6552, or visit our website at: www.securitieslawyer.com.

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