Financial Advisor Charged with Murder

Posted on November 23rd, 2020 at 9:23 AM
Financial Advisor Charged with Murder

From the Desk of Jim Eccleston at Eccleston Law LLC:

Keith T. Ashley, a financial advisor who was already under an FBI investigation for an alleged Ponzi scheme, has been charged with murder. Ashley allegedly murdered his client, James Seegan, in February 2020 and then staged the death to look like a suicide, according to an article from InvestmentNews. Investigators allege that Ashley killed Seegan in order to gain control of Seegan’s finances. Ashley was a registered representative with Parkland Securities and a principal of North Texas Money Management.

Ashley was arrested on November 13 on wire fraud charges related to the FBI’s investigation. According to the FBI, Ashley raised $1.3 million from clients and used those funds to pay expenses at his other business as well as for his own personal expenses including legal fees, mortgage payments and spending at casinos. Ashley defrauded investors beginning in 2013 and continuing until May 2020, according to the FBI. The FBI alleged that Ashley solicited investors by making false statements and guaranteeing returns of 3% to 9% per year with no risk to the principal investment. Ashley was terminated from Parkland Securities in October 2020 due to “outside business activities.”

Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Tags: eccleston, eccleston law, murder, financial advisor, ponzi scheme

Return to Archive

TESTIMONIALS

Previous
Next

If you are being bothered by the Regulators, call Eccleston Law, you won't regret it.

Rick R.

LATEST NEWS AND ARTICLES

January 7, 2025
Former Morgan Stanley Advisor Sanctioned for Undisclosed Hotel Business

FINRA has fined Chris S. Stocks, a former Morgan Stanley advisor, $10,000 and suspended him for 30 days for failing to disclose his involvement in a hotel business. 

January 6, 2025
JPMorgan Fined $1.8 Million by Singapore Regulator for Misconduct in Bond Transactions

The Monetary Authority of Singapore (MAS) fined JPMorgan Chase & Co. $1.8 million for failing to prevent and detect misconduct by its relationship managers during 24 over-the-counter (OTC) bond transactions between November 2018 and September 2019.

January 3, 2025
Next Level Holdings and Yield Wealth Under Federal and State Investigation

Federal and state authorities are investigating Next Level Holdings and Yield Wealth, two investment firms accused of offering high-yield financial products now facing significant turmoil, according to the Wall Street Journal