Scott Capps, a former Pennsylvania employee at the Vanguard Group, was sentenced to four years in prison for a $2.1 million fraud scheme.

Advisor Stole Millions of Funds from Dormant Accounts 

According to the Department of Justice, while working at the Vanguard Group, Capps stole millions of dollars from dormant accounts whose abandoned funds were intended to be turned over to the state. Between 2011 and 2014, Capps used stolen passwords to access the firm’s database where the account information was held and wrote checks from these dormant accounts to a co-conspirator. 

Capps Sentenced to 4 Years for Stolen Funds 

In March, Capps pled guilty to his role in the scheme and was charged with five counts of conspiracy to commit money laundering, mail fraud, and filing false tax returns. The judge sentenced Capps to an additional three years of supervised release. Capps also was ordered to pay $2.1 million in restitution and a forfeiture of $648,000.  

Speak with an Investment Fraud Attorney

Dimond Kaplan & Rothstein, P.A. has vast experience representing investors who have lost money as a result of stockbroker misconduct. We will aggressively pursue claims to recover your losses or damages.

If you are looking for an investment fraud attorney to review your rights and options, the investment fraud lawyers at Dimond Kaplan & Rothstein, P.A. represent individual and institutional investors who have lost money as a result of a fraud scheme or stockbroker misconduct. 

Contact Dimond Kaplan & Rothstein Today

Contact an investment fraud attorney at Dimond Kaplan & Rothstein, P.A. to schedule an appointment for a FREE case evaluation. 

Our offices are located in Los AngelesNew YorkDetroit, West Palm Beach, Naples, and Miami, and we represent clients nationwide. Translations services are available.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182