- Associated Press - Saturday, May 16, 2015

ST. LOUIS (AP) - A 43-year-old St. Louis area investment adviser faces nine years in prison and has to pay more than $3 million in restitution.

Federal prosecutors say Bryan Binkholder, of Wentzville, was sentenced to nine years in prison. He pleaded guilty in January to four felony counts of wire fraud and one count of bank fraud. He also has to repay his victims about $3.6 million.

Binkholder, who called himself “The Financial Coach,” provided investment and financial planning advice through various online platforms and a radio talk show. He’s accused of misusing millions of dollars he solicited for real estate developments.

Prosecutors said in a release that Binkholder was sentenced Friday.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide