A former Indiana monetary advisor who embezzled practically $4.7 million from a consumer has been sentenced to 4 years in federal jail after pleading responsible to wire fraud and submitting a false tax return in reference to the theft, in keeping with the U.S. Division of Justice.

Christopher Turean, 43, stole about $4.7 million from a consumer sufferer and did not report the illicit revenue on his taxes, submitting false returns that hid greater than $1.7 million in taxes owed, the U.S. Lawyer’s Workplace for the Southern District of Indiana introduced final week.

The resident of Fishers, Indiana, used the funds partially to gamble, in keeping with prosecutors.

The Securities and Alternate Fee document for Christopher G. Turean states that he labored for Valeo Monetary Advisors from September 2012 to February 2022, when he was discharged over allegations he misappropriated consumer funds.

The Inner Income Service and the U.S. Postal Service initiated an investigation into the allegations round that point, in keeping with the SEC.

Turean hid his criminality from his employer, in keeping with the U.S. Lawyer’s Workplace, which didn’t establish the agency by identify.

“Traders have a proper to belief that professionals obligated to behave of their greatest pursuits aren’t stealing their hard-earned cash,” Zachary A. Myers, U.S. Lawyer for the Southern District of Indiana, stated in a information launch.

“This felony used his place as a trusted skilled to steal practically 5 million {dollars}, after which hid practically two million {dollars} in taxes owed. The intense jail sentence imposed right here demonstrates the dedication of (the IRS Felony Investigation and the U.S. Postal Inspection Service) and our federal prosecutors to aggressively prosecute monetary crimes and maintain fraudsters accountable,” Myers defined.