GRAND JUNCTION, Colo.—A former financial adviser in Colorado faces federal charges of swindling more than $1.2 million from a Washington state resident.
Forty-two-year-old Michael D. Montgomery was advised Thursday that he faces charges of wire fraud and filing a false income tax return.
Montgomery hasn’t entered a plea. His attorney didn’t immediately return a telephone message Friday.
The Grand Junction Daily Sentinel reports that Montgomery, of Aspen, was booked into the Mesa County Jail in Grand Junction on Wednesday and released on a personal recognizance bond Thursday.
Prosecutors allege Montgomery wrote himself checks totaling $1.2 million from a Washington state client’s bank account between 2005 and 2007.
Prosecutors say the client was an elderly man who lived in a nursing home and that Montgomery had power of attorney over the man’s finances.
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Information from: The Daily Sentinel,
