April 4, 2016

New Jersey announced that a former Morris County investment advisor was sentenced to seven years in prison for fabricating and mailing more than 100 financial account statements that inflated 14 of her clients’ accounts by a combined $818,000. In December, Janet Fooshee, also known as Janet Gurley and Janet Katz, pleaded guilty to defrauding more than two dozen retirees and others over a 10-year period beginning in 2003. In addition to fabricating account statements, she admitted stealing approximately $151,000 from four clients, receiving more than $191,539 in unlawful investment advisor fees, defrauding another client out of almost $81,000, and stealing the identities of at least eight corporations. NJ