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CPA Fleeced Investors

Gavel swingingA Bakersfield, Calif., CPA, Jeffrey Todd Stewart, has admitted stealing $355,000 from investors. Stewart faces up to 20 years in prison for his guilty plea to a charge of wire fraud.

Between September 2104 and June 2018, Stewart, age 57, received more than $2 million from investors to pay fees and expenses for a purported overseas business deal. While most of the money was used for the deal, he spent $355,000 of investor’s money for personal expenses such as mortgage payments, trips to Las Vegas, and gambling.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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