WASHINGTON, April 16 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
PORTLAND, Ore.- A Baker City, Oregon, man has been charged with stealing his clients' shares of stocks, selling them, and transferring the proceeds into his personal bank account for almost seventeen years.
Jeffrey Thomas Higgins, 54, has been charged by information with investment fraud.
According to court documents, from December 2007 through June 2024, Higgins worked as an investment adviser in Baker City. To entice investors, Higgins lied, falsely claiming he purchased stocks on their behalf at deep discounts when he actually purchased the stocks at market value. Higgins then sold the stocks...