DOJ v. Bob Hunter

Bob Hunter, a Springfield, Mo. man, allegedly engaged in a scheme of wire fraud and money laundering by embezzling the retirement funds of his clients. He purportedly promoted Supplemental Executive Retirement Plans and, instead of investing clients' money into their retirement accounts, used it for his own personal expenses. According to the plea agreement, Hunter embezzled $373,230.50 in intended retirement funds from his clients and provided them with false investment reports, or "lulling letters," to conceal the fraud and delay reporting to law enforcement.

Summary generated from official Department of Justice press release