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Friday, February 2, 2007

Wellesley stockbroker is charged with stealing


A Wellesley stockbroker was charged yesterday in federal court with stealing more than $400,000 from one of his elderly clients through a variety of fraudulent schemes, US Attorney Michael J. Sullivan announced.

Stephen J. Toussaint, 43, was charged with 11 counts of fraudulent activities, including securities fraud, wire fraud, making false statements to federal agents, and manipulating accounts to evade reporting requirements.

The indictment targets transactions made by Toussaint between October 2002 and February 2004.

-- Globe City & Region staff

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