Advisor Scott Newsholme Charged with Stealing Investor Funds

Scott Newsholme, of Farmingdale New Jersey has been charged by the U.S. Securities and Exchange Commission with stealing more than $1 million from clients. Newsholme was a tax preparer and investment advisor who convinced clients to invest in securities, private ventures, and businesses. He cashed their checks and pocketed the money to support his gambling habits, Ponzi-scheme payments, and personal expenditures, all while fabricating account statements and assuring clients their accounts were secure and increasing in value.

If you believe you have lost money due to Scott Newsholme scheme, please contact Hugh Berkson office at 1-866-932-1295.