Ashley is currently not registered as a broker, according to BrokerCheck. There is a criminal disclosure on his report: a 1991 case involving an alleged forgery in his signature on the back of a check. The case was dismissed, according to the report.
Anyone with information relating to the crimes has been asked to call the department’s hotline at (972) 466-9133 or by email via [email protected].
The Carrollton Police Department has partnered with the FBI and the U.S. Attorney’s Office in the investigation, he said.
An indictment, filed Nov. 13 in U.S. District Court for the Eastern District of Texas in Sherman, alleged that from or around December 23, 2013 and until or around May 14, 2020, Ashley was leading a fraud scheme. .
Ashley “solicited money from people representing that he was investing funds” from Parkland Securities and SmartTrust in a unitary investment trust, according to the indictment. However, he instead “kept a significant portion of the money for his personal use,” it was alleged.
Ashley received more than $ 1.3 million from investors to whom he had “made materially false statements, excuses and promises relating to the investment of funds” with SmartTrust or Parkland Securities in an ITU, according to the deed. accusation.
He pocketed and spent over $ 1.1 million of investor funds and, although he returned approximately $ 81,325 to investors, he “used most of the funds for various personal expenses and personal benefits, such as as brewery expenses, spending at casinos, payments on personal credit cards, legal fees, cash withdrawals, mortgage payments, tuition and student loan payments, and utilities », According to the indictment.
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