A previous Parkland Securities broker who was under investigation for a suspected Ponzi scheme has been charged with murdering a client, in accordance to the police section in Carrollton, Texas.
Detectives charged 48-calendar year-aged Keith T. Ashley of Allen, Texas, with murder for the capturing loss of life of 62-calendar year-aged James “Jim” Seegan, the Carrolton Police Section introduced Wednesday.
Ashley was taken into federal custody around his house in Allen Nov. 13 on connected wire fraud prices, law enforcement stated.
On Feb. 19. 2020, Seegan’s wife “found her spouse useless of a gunshot wound to the head when she returned” to their Carrolton household, Carrolton police said, incorporating: “Directly following to him was a typed notice indicating it was a suicide.”
Nevertheless, through a 9-thirty day period, “complex investigation, detectives discovered evidence that Ashley basically incapacitated, then murdered Seegan in an attempt to acquire manage of his finances,” Carrolton Police claimed.
In addition to serving as Seegan’s fiscal advisor, Ashley was a close friend who would periodically visit the Seegan house, Carrolton police reported, introducing: “During the program of the investigation, detectives also identified many other victims of a ‘Ponzi’-type scheme Ashley orchestrated.”
Parkland Securities and Dan Lamar Cogdell of Cogdell Law Business in Houston, who is representing Ashley, did not promptly reply to requests for comment on Thursday.
The organization terminated Ashley Oct. 27, expressing it had “reason to consider that the consultant engaged in undisclosed exterior small business functions and also failed to provide the business with prior observe of private securities transactions involving his privately held firm,” according to a disclosure in his report on the Financial Marketplace Regulatory Authority’s BrokerCheck web site.
Ashley is not currently registered as a broker, in accordance to BrokerCheck. There is one particular criminal disclosure on his report: a 1991 circumstance involving suspected felony forgery in his signing the again of a verify. The circumstance was dismissed, according to the report.
Anybody with data related to the crimes was questioned to simply call the department’s tip line at (972) 466-9133 or e-mail via [email protected].
The Carrollton Law enforcement Section partnered with the FBI and U.S. Attorney’s Office environment in the investigation, it said.
An indictment, submitted Nov. 13 in U.S. District Court docket for the Japanese District of Texas in Sherman, alleged that, from on or about Dec. 23, 2013, and continuing by means of on or about May perhaps 14, 2020, Ashley was managing a fraud scheme.
Ashley “solicited revenue from persons representing that he was investing funds” with Parkland Securities and SmartTrust in a unit expense trust, according to the the indictment. Nonetheless, he rather “kept a sizeable portion of the cash for his very own particular use,” it was alleged.
Ashley gained extra than $1.3 million from buyers to whom he had “made the materially wrong representations, pretenses, and claims similar to investing funds” with SmartTrust or Parkland Securities in a UIT, in accordance to the indictment.
He pocketed and expended additional than $1.1 million of the trader cash and, while he returned approximately $81,325 to traders, he “used the remaining bulk of the cash for a selection of own expenditures and own benefit, these kinds of as brewery bills, expending at casinos, payments on personalized credit playing cards, legal charges, dollars withdrawals, home finance loan payments, university tuition and university student bank loan payments, and utilities,” in accordance to the indictment.
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