BALTIMORE (AP) — A stockbroker who prosecutors say defrauded clients of more than $2.3 million has been sentenced to more than 8 years in prison.
Thirty-nine-year-old Gary Clark Steciuk of Buffalo Grove, Illinois, and Heber Springs, Arkansas, was also ordered to pay restitution at sentencing Friday in federal court in Baltimore.READ MORE: Jackson Sworn In, Becomes First Black Woman On Supreme Court
According to his plea agreement, Steciuk embezzled money from at least 18 of his clients’ investment accounts, which were funded with retirement accounts.READ MORE: Pikesville Man Accused Pointing Gun At Other Driver In 'Road Rage Incident'
Prosecutors say Steciuk used forged forms to change addresses on the accounts from his clients to a post office box he controlled in Hampstead, Maryland.
Authorities say Steciuk used the embezzled money support a lavish lifestyle, including buying homes for himself and others, as well as to support his extramarital affairs.MORE NEWS: Gun Spotted In Driver's Car Before Baltimore Officer Dragged, Court Documents Say
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