A North Texas man was sentenced to life in federal jail for funding fraud that led to the killing of a good friend, the Carrollton Police Division introduced in a information launch Thursday.
Keith Todd Ashley, 51, was discovered responsible in October 2022 on costs of wire, mail, and financial institution fraud, and firearm violations.
Carrollton Police Chief Roberto Arredondo stated within the information launch that Ashley “went to nice lengths to steal shoppers’ life financial savings and even kill to achieve management of their funds.”
Ashley was a registered nurse who started working as a monetary advisor and life insurance coverage agent. He stole greater than $1 million from his shoppers, in response to the discharge.
He promised his shoppers he would make investments their cash in monetary merchandise, however used the cash to for different causes together with to assist hold his struggling brewery enterprise alive, pay private money owed, and to “fund a lavish life-style,” police stated.
In Could 2016, Ashley began stealing funding funds from his good friend, Jim Seegan, from Carrollton.
Ashley transferred Seegan’s funds into his personal accounts and altered the beneficiary of Seegan’s life insurance coverage coverage to a belief Ashley managed, in response to the discharge.
The scheme resulted within the 2020 demise of Seegan, which Ashley staged to seem like a suicide, police stated within the launch. He was arrested and charged with homicide in November 2020.
The Dallas County District Lawyer’s Workplace might proceed pursuing state homicide costs, in response to police.