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Ex-Investment Exec In Texas, Florida Gets 25 Years

DALLAS (AP) – A former investment firm executive convicted of defrauding senior citizens in Texas and Florida has been sentenced to 25 years in federal prison.

A judge in Dallas on Monday sentenced 40-year-old Jeffrey Charles Bruteyn.

A jury in April 2010 convicted Bruteyn on nine counts of securities fraud related to a more than $50 million scam. Prosecutors say many of the victims were retirees and their investment money went for Bruteyn’s personal use.

Bruteyn is a former managing director of Dallas-based AmeriFirst Funding Corp. and AmeriFirst Acceptance Corp., both now defunct.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments

One Comment

  1. Dax says:

    If you have suffered investment losses as a result of the fraud or negligence of your financial professional, the securities attorneys of The White Law Group may be able to help. For more information, visit http://www.whitesecuritieslaw.com.

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