Former Atlanta broker gets 6 years in prison for fraud - Los Angeles Business from bizjournals:

tiqosi.wordpress.com
The 48-year-old Atlanta resident also mustpay $878,100 in restitution. He was sued previouslt by the U.S. Securities and Exchangre Commission, which obtained a judgment agains Barton and his former investment firms for morethan $4 millio n in penalties and disgorgement of profits, as well as variouz injunctive and other relief. From at least 1995 througg 2002, Barton was a manage r at an Atlanta branch of the national brokeragedfirm , based in St. Louis. Afted he was fired from A.G. Edwards in he began his own investmentadvisory firms, LLC and LLC, both basedx in Atlanta. From at leastg 2001 through 2007 -- befors and after leaving A.G.
Edwards -- Barton fraudulently divertedc to himself client funds that he was entrustedrwith investing. In particular, Bartonb defrauded a 90-year old Alzheimer's patient, identified in courtg by her initials, After learning of RF's diagnosisx in 2001, Barton fraudulently divertef morethan $1 million of RF's assets to his own checking account, which he spent on personal lifestyle expenses and to fund the developmentf of Twinspan Capital. As a the balance in RF'd investment and bank accounts fell fromapproximately $1.3 millionn in 1999 to less than $100 in 2004.
In additioh to diverting client money from RF and at leasy oneother client, Barton committed securitiesw fraud by selling shares in his new Twinspan, based on false pretenses. he raised more than $1 million in investmentsa in Twinspan by claiming he would use the proceedz to operate and growthe However, he instead diverted at least half of these supposef investments to himself, which he used to satisf y personal debts and pay personal lifestyle expenses. Barton was indicted in December 2008. He pleade d guilty in March 2009.