A federal jury on Monday convicted the former chief financial officer (CFO) of a North Shore information brokerage of conspiracy, money laundering, securities fraud, aggravated identity theft and other charges.
James C. Fields, 45, who now lives in Boston, was the former acting CFO and later CEO of LocatePlus, a Beverly firm that offered background information on individuals for a fee, the Salem News reports.
http://liarcatchers.com/fraud_investigation.html
He and another LocatePlus executive, Jon Latorella, were charged with schemes to artificially inflate the firm’s value to its investors, including the creation of fictitious clients. The pair allegedly went so far as to use the identity of a young Marblehead man, killed in 1985, as the fictitious president of one of its phony clients.
