Financial advisor spent $900K from client on country club, cars, authorities say

A financial advisor out of Moorestown was sentenced to seven years in state prison Wednesday for stealing some $900,000 a client had given him to invest and putting it toward lavish personal expenses, authorities said.

Brian Murphy, 47, pleaded guilty to stealing nearly $900,000 from a client and using it for personal expenses, authorities said.

Brian Murphy, 47, of Hainesport, pleaded guilty to misapplication of entrusted property and failure to pay New Jersey state income taxes, according to the Burlington County Prosecutor’s Office. The charges carried seven and three year sentences, …read more

Source: NJ.com Burlington

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