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Sunday, 2 June 2024

Financial advisor found guilty of stealing $1.1M from clients sentenced to 9 years in prison

Credit: WCPO Cincinnati
Duration: 02:52s 0 shares 1 views

Financial advisor found guilty of stealing $1.1M from clients sentenced to 9 years in prison
Financial advisor found guilty of stealing $1.1M from clients sentenced to 9 years in prison

Gregory Oliver, owner of Oliver Financial Services in Milford, will spend the next nine years behind bars after he was found guilty of stealing from 18 of his clients, including seniors.

ALSO NEW AT 11..

A CROOK WHOPOLICE SAY TARGETED SENIORCITIZENS.

MILFORD INSURANCEAGENT GREGORY OLIVER IS NOWGOING TO JAIL FOR STEALINGMORE THAN ONE MILLION DOLLARS.WCPO 9 NEWS REPORTER WHITNEYMILLER SPOKE TO A FAMILY WHOFELL VICTIM TO THE AGENT.

NOW-- THEY WANT TO WARN OTHERS.THE WOMAN I SPOKE WITH SAYSHER TWO COUSINS AND THEIRDECEASED MOTHER WERE TAKEN FORROUGHLY 300 THOUSAND DOLLARS.SHE REACHED OUT TO ATTORNEY'SHERE AT PRO SENIORS - A NONPROFIT GRUOP TRYING TO HELPTHEM RECOVER THE MONEY THATWAS STOLEN.BEFORE BEING SENTENCED MONDAYGregory Oliver WORKED HERE ATHIS MILFORD BASED INSURANCEAGENCY - OLIVER FINANCIALSERVICES.

"My aunt who isdeceased, she referred to himas her financial advisor."INVESTIGATORS IN CLERMONTDISCOVERED THAT OLIVER WASDOING MORE THAN ADVISING -FROM 2011 TO 2018 THEY SAY HETOOK MORE THAN 1 POINT 1MILLION DOLLARS FROM HISCLIENTS THROUGH FRAUD ANDCOERCION.

CATHY ROLFES ISRELATED TO THREE OF OLIVER'S18 VICTIMS. HER AUNT PASSEDAWAY BEFORE OLIVER WASARRESTED.

"She trusted him asif he were her son.

I mean heattended her funeral, he kindof presented himself as amember of the family." BUT HEWASN'T - ROLFES SAYS HE WAS ACON-ARTIST" he really putthemselves in a position ofbeing her power of attorney,her executor.

He transferredthe title of her house intohis name and put it into anirrevocable trust.

The legalramifications of that we arestill trying to work through."ROLFES WAS AT THE HEARINGMONDAY WHEN OLIVER WASSENTENCED TO 9 YEARS IN PRISON"I do feel like justice wasserved."MIRIAM SHELINE IS THEMANAGING ATTORNEY ATPRO-SENIORS - THE NON-PROFITORGANIZATION HELPING CATHY'SFAMILY FIGHT TO RECOVER WHATOLIVER TOOK.

SHELINE SAYS THEFINANCIAL EXPLOITATION OFSENIORS IS ALL TO COMMON."Always verify, thisindividual was a family friendfor many years and yet he wasdoing improper things.

Youcan't trust someone to thepoint of just turning overcontrol to everything inregard to your finances."SHESAYS THE BEST PROTECTION ISPREVENTION.

"What we can do isstop the bleeding, stop thedamage going forward.

But onceit is out the door it is veryhard to get it back."OLIVER WAS ORDERED TO PAY MORETHAN 990 THOUSAND DOLLARS INRESTITUTION TO THE VICTIMS THEATTORNEY'S HERE WHO AREWORKING WITH CATHY'S COUSINSHAVE FILED CIVIL LAWSUITSAGAINST OLIVER TO TRY ANDRECOUP SOME IF NOT ALL OF WHATWAS TAKEN FROM THEM.

INCINCINNATI WHITNEY MILLER WCPO9 NEWS.FOR MORE INFORMATION ON HOWYOU CAN PREVENT THESE TYPES OFCRIMES VISIT THIS STORY ONWCPO-DOT-C

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