SEC: Advisor/Preparer Bilked Clients for $11 Million

The SEC has charged Sandra Venetis, a Branchburg, N.J. resident who operates financial planning, tax and accounting and investment firms, with fraudulently obtaining at least $11 million from clients since 1997. The allegations said Venetis used the funds to pay gambling debts, buy her daughter a home, fix her brother's house, and pay for personal expenses and overseas trips, among other items.

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