ST. LOUIS (AP) — A St. Louis-area investment adviser faces up to 40 years in federal prison now that he's admitted pilfering more than $1.8 million from client accounts.
Thirty-four-year-old Greg John Campbell of Ladue pleaded guilty Friday in federal court in St. Louis to two counts of wire fraud.
Authorities say Campbell was working as a Merrill Lynch financial adviser from mid-2006 through October 2011 when he diverted more than $1.4 million from client accounts to his own. One client was 86 years old with dementia.
After going to work for another wealth-management business, authorities say, Campbell stole an additional $360,000 from clients.
Prosecutors say he used the money for a down payment on a home, mortgage payments, lease payments on luxury vehicles, and living expenses.
Sentencing is set for September 10th.
JEFFERSON CITY, Mo. (AP) — An organization representing city officials from across Missouri is urging Governor Jay Nixon to veto legislation limiting their ability to regulate cellphone towers.
The Missouri Municipal League said Friday the bill could allow placement of large cellphone towers in town squares or residential neighborhoods, which could hurt property values.
But bill supporters say their intent is to encourage the expansion of wireless Internet service across the state. They say the expansion can be hampered when companies have to comply with a hodgepodge of different local regulations that sometimes can be costly.
A Nixon spokesman declined to say whether the governor has any concerns about the bill, noting only that it will receive a thorough review.
Police are looking for the suspect in a Creve Coeur bank robbery.
The suspect walked in to the Reliance Bank at Olive and Warson this morning, pulled a gun on the teller, and ran off with an undisclosed amount of cash.
Anyone who recognizes the suspect or has information is asked to call CrimeStoppers at 866.371.TIPS.