Former Morgan Stanley adviser pleads guilty to fraud of over $6m
Michael Barry Carter made at least 53 unauthorised transfers from client accounts to his own between October 2007 and July 2019
21 July 2020 - 14:07
New York — A former Morgan Stanley investment adviser admitted to stealing more than $6m from clients and using the money to pay his mortgage, credit card bills and country club membership fees.
Michael Barry Carter pleaded guilty on Monday to wire fraud and investment adviser fraud for making at least 53 unauthorised transfers from client accounts to his own, Maryland US attorney Robert Hur said in a statement...
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