Criminal Law

A North Carolina Financial Adviser Pleads Guilty to Defrauding Clients

A North Carolina man has pleaded guilty to felony charges after he defrauded clients, including his own father, of more than $3 million from their investment and retirement accounts, officials said.

Russell Joseph Mutter, 52, of Clemmons pleaded guilty to 41 felony charges, including 31 counts of investor adviser fraud and obtaining property by false pretenses, the Winston-Salem Journal reported.

A judge consolidated the 41 charges into three counts and handed down on Tuesday three consecutive sentences totaling a minimum of 16 years, 3 months and a maximum of 22 years, 6 months in prison.

Read the source article at Associated Press News

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