Earnings
Fla. Man Accused Of Bilking Investors Out Of $20M
HARRISBURG, Pa. (AP) — A Florida man faces a 55-count federal indictment in Pennsylvania that accuses him of bilking investors out of millions of dollars that he spent on luxury items.
The indictment against Sean Healy was unsealed Thursday in federal court in Harrisburg. It includes charges of fraud and money laundering. The 38-year-old Healy allegedly collected nearly $20 million from more than 50 investors primarily in Pennsylvania beginning in 2003. But prosecutors say he spent it on a waterfront mansion, jewelry and exotic sports cars instead of investing it as promised. Some of those assets were seized as a result of lawsuits filed in July by the Securities and Exchange Commission and the Commodities Futures Trading Commission. One of Healy's lawyers is former U.S. attorney Thomas Marino. He declined comment Friday.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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