WASHINGTON, June 2 -- 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 pleaded guilty today after stealing his clients' shares of stocks, selling them, and transferring the proceeds into his personal bank account for almost 17 years, announced U.S. Attorney Scott E. Bradford for the District of Oregon.
Jeffrey Thomas Higgins, 54, pleaded guilty to investment advisor 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 th...