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 Entertainment

This weekend in entertainment history

randy-travis

A look back at some of the Hollywood headlines that went down in history.

in Entertainment

REVIEW: Surprising talent creates weird onscreen magic in ‘Foxcatcher’

This image released by Sony Pictures Classics shows Channing Tatum, left, and Mark Ruffalo in a scene from "Foxcatcher."

Sibling rivalry, loneliness, competition and madness fuel director Bennett Miller’s award-worthy true crime tale Foxcatcher.

in Entertainment

REVIEW: ‘Wild’ is both unsettling and triumphant

This image released by Fox Searchlight Pictures shows Reese Witherspoon in a scene from the film, "Wild."

Reese Witherspoon leaves her comfort zone as real-life hiker Cheryl Strayed in "Wild."

in Sports

This weekend’s sports schedule

kentucky

A complete look at this weekend's sports schedule.

in Sports

This week’s top sports shots

AP775340197327_3

A look back at the big sports stories and best photos from this week.

Bellingham Traffic