News

U.S. Attorney charges local financial adviser with fraud

U.S. Attorney charges local financial adviser with fraud

Photo: clipart.com

KGMI News Reporting
By Mike Curtiss

BELLINGHAM, Wash. – A financial adviser in Bellingham is accused of stealing more than a quarter-million dollars from his clients.

Jeffrey Knutsen was the owner of Bellwether Wealth Management.

He was barred from financial advising by regulators in 2005 after a complaint that he embezzled from a customer’s account.

But Emily Langlie with the U.S. Attorney’s office says he kept working with clients and draining their retirement money.

Knutsen was arrested yesterday on charges of wire fraud.

He could get up to 20 years in prison if he’s found guilty.

Langlie says the Financial Industry Regulatory Authority website www.finra.org allows people to check an adviser’s background for free.

Recent Headlines

in Sports

Tulowitzki to Blue Jays, Zobrist to Royals & MLB trade roundup

Updated
Colorado Rockies' Troy Tulowitzki looks back while batting against the Arizona Diamondbacks during the first inning during a spring training baseball game Friday, Feb. 28, 2014, in Scottsdale, Ariz.

Troy Tulowitzki is off to the Toronto Blue Jays, Ben Zobrist will join the Kansas City Royals and other trades made around Major League Baseball on Tuesday.

in Sports

Angels OF Trout out against Houston with wrist injury

Los Angeles Angels' Mike Trout gets ready for his at-bat during the first inning of a baseball game against the Seattle Mariners on Monday, March 31, 2014, in Anaheim, Calif.

The All-Star center fielder was hurt attempting to make a diving catch in the fourth inning on Sunday

in Sports

NFL says Brady destroyed phone, Brady’s agent calls appeal process ” a sham”

bradytom

Calling the appeal process "a sham," Tom Brady's agent says NFL Commissioner Roger Goodell "failed to ensure a fair process" in upholding the quarterback's four-game suspension.

in Sports

Steelers RB Bell has suspension reduced to 2 games

Pittsburgh Steelers running back Le'Veon Bell (26) is hit by Cincinnati Bengals free safety Reggie Nelson (20) in the second quarter of an NFL football game, Sunday, Dec. 28, 2014, in Pittsburgh. Bell was injured on the play.

The league initially suspended Bell three games in April following his arrest in August 2014 on DUI and drug charges.

in Sports

NFL upholds Brady’s four-game Deflategate suspension

tombrady

The New England QB's punishment for his role in using under-inflated footballs during the AFC championship game last season was upheld by NFL commissioner Roger Goodell.

Bellingham Traffic