Wealth manager to plead guilty in $6m fraud case

Pedro Gonçalves
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Wealth manager to plead guilty in $6m fraud case

A New York wealth manager is set to plead guilty following charges of overbilling clients and misappropriating office funds to pad his salary, Bloomberg reported. Richard T. Diver, co-founder and former chief operating officer of M&R Capital Management, was arrested in March. He was charged with overbilling clients by hundreds of thousand of dollars and diverting  about$6mfrom the company's payroll to his own account. The Securities and Exchange Commission also sued Diver, claiming he i...

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