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ClearPath Wealth Management, LLC and Patrick Churchville

Date:

April 22, 2024

Type of alert:

SEC Final Judgment  

A final judgment and permanent injunction was entered against ClearPath Wealth Management, LLC. According to the complaint, Patrick Churchville, ClearPath’s owner and president, and ClearPath caused at least $27 million in losses. Churchville and ClearPath misallocated and misappropriated assets, stole $2.5 million to purchase a luxury home, and used investor money to pay off prior investments.

Churchville was recently sentenced to 7 years in federal prison. The final judgment orders ClearPath to pay disgorgement and prejudgment interest.

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