John S. Chapman & Associates LLC

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Baltimore Area Broker Kevin Forrester Admits Fraud


Baltimore County stockbroker Kevin Forrester pleaded guilty last week to charges he swindled 21 investors out of more than $2.2 million.

Forrester, who operated Forrester Financial Group and the Private Funding Group, pleaded guilty to charges of felony theft and fraudulent securities practices, according to the Maryland Attorney General.

State investigators discovered that Forrester raised more than $2.2 million from 21 investors.  He told them their money would be invested in the Private Funding Group at high, guaranteed rates.  Instead, he used the money for business and personal expenses, vacationing, cars, a country club membership and a $1.2 million home.

Chapman & Associates is investigating Kevin Forrester’s investment fraud and preparing to help aggrieved investors recover their losses.  Chapman & Associates often represents, on a contingency fee basis, individuals who have lost their savings in fraudulent investment schemes.  If you have lost money in Kevin Forrester's Private Funding Group fraud, please contact us immediately by email at jchapman@jscltd.com, or phone at 866-220-3300.

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