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

7 hours ago in Sports

The first jobs of some Super Bowl greats

williemcginst

From a janitor to a corn husker, these NFL greats started out small before making it to the big leagues.

11 hours ago in Sports

Super Bowl 50: Broncos vs. Panthers, coverage begins at 11:00 a.m. on KPUG!

Westwood One Panthers Broncos Super Bowl 50

You can hear all the action from Levi's Stadium beginning at 11:00 a.m. Sunday on KPUG!

16 hours ago in Sports

Favre, Stabler, Harrison, Greene, Pace, Dungy voted to Hall

halloffame

The announcement was made Saturday, a day before the Denver Broncos face the Carolina Panthers in the Super Bowl.

17 hours ago in Sports

Warriors win 41st straight home game, 116-108 over Thunder

Golden State Warriors guard Stephen Curry (30), Draymond Green (23) and Klay Thompson (11) walk up court during the second half of an NBA basketball game against the Dallas Mavericks, Saturday, Dec. 13, 2014, in Dallas. Curry had 29-points, Green had 20-points and Thompson had 25-points in the 105-98 Warriors win.

Stephen Curry scored 26 points and the Golden State Warriors won their 41st straight regular-season home game, beating the Oklahoma City Thunder 116-108 on Saturday night.

17 hours ago in Sports

MVP Newton, Watt, Rivera, Berry big winners of NFL awards

Carolina Panthers' Cam Newton

Newton, the Carolina Panthers star, won The Associated Press NFL Most Valuable Player and Offensive Player of the Year awards Saturday night.

Bellingham Traffic