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To state one thing that needs to be apparent: defrauding anybody is a foul concept from each a authorized and an ethical perspective. Defrauding somebody who’s not too long ago skilled the lack of a member of the family is even worse. Sadly, a New Jersey man is now accused of doing simply that, dealing with costs that he used his place as a monetary advisor for the U.S. Military to defraud Gold Star households.
An article at NJ.com has extra particulars on the case. Caz Craffy now faces federal costs together with, however not restricted to, six counts of wire fraud. Craffy is accused of taking hundreds of thousands of {dollars} from two dozen households through the years.
In a press release, Legal professional Normal Merrick Garland spoke out towards Craffy within the harshest attainable phrases. “As alleged within the indictment, the defendant on this case used his place as an Military monetary counselor to defraud Gold Star households, steal their cash, and enrich himself,” Garland mentioned. “Predatory conduct that targets the households of fallen American service members might be met with the complete pressure of the Justice Division.”
In response to the Justice Division’s assertion, Craffy labored for a pair of funding corporations with out notifying his superiors within the Military, and used his place to direct the cash that the Gold Star households had obtained upon the deaths of their relations to accounts that he managed. Between 2018 and 2022, Craffy allegedly invested $9.9 million from Gold Star households into these accounts.
“No household, particularly our Gold Star households, ought to should face additional heartache after a cherished one’s demise by having their monetary safety ripped out from below them by fraudsters,” mentioned Homeland Safety Investigations Newark Particular Agent in Cost Ricky J. Patel in a press release.
Craffy was anticipated to make his first look in courtroom on Friday. In response to reporting by the New York Occasions, the Securities and Change Fee additionally filed a civil grievance towards him.
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