Tuesday, April 6, 2010

Honolulu Investment Adviser Sentenced to Five Years for Fraud

A Honolulu investment adviser who admitted to bilking his clients out of more than $3 million was sentenced Monday to nearly five years in prison.

According to the U.S. Attorney's office, Albert Perkins ran a financial counseling business.

He advised his clients to purchase a certificate of deposit that yielded 18 to 20 percent a year...

KHON: Honolulu Investment Adviser Sentenced to Five Years for Fraud