December 21, 2017
In August, 2017, Paul Marshall was criminally indicted in the U.S. District Court for the Northern District of Georgia, charged with wire fraud. Previously in 2014, the Securities and Exchange barred Mr. Marshall from working in the securities industry. The SEC’s Complaint alleged that, between 2011-2013, and possibly prior, Mr. Marshall misappropriated investor funds by creating false account statements and lying to clients that their funds were fully invested and earning interest.
According to FINRA’s BrokerCheck report, Paul Marshall began his career as a broker in 1989, while working for PaineWebber Inc. After bouncing around between various brokerage firms, he worked for Bear Sterns & Co. from 2002-2004, then transitioned to Oppenheimer & Co. Mr. Marshall was terminated by Oppenheimer & Co. in 2008, after a customer complaint revealed that he had taken a loan from a customer and engaged in private securities transactions, in violation of securities law. Mr. Marshall then became a broker at American Wealth Management Inc. from 2008-2011. Ultimately, he was barred from the industry.
After leaving American Wealth Management, Inc., Mr. Marshall created the investment advisory firm Bridge Securities LLC and Bridge Equity, Inc., as well as FOGFuels, Inc. Mr. Marshall fraudulently used client funds to pay for luxury vacations, child support, and private school tuition for his kids, among other things. Mr. Marshall has entered a guilty plea as to the charges against him. See United States of America v. Paul Marshall, United States District Court Northern District of Georgia, Case 1:17-cr-00258-LMM-RGV. He now awaits sentencing before the Honorable Leigh Martin May, set for Thursday, February 8, 2018.
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