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Jaffrey couple agrees to pay $600,000 to state and fraud victims
Jeffrey Spill, deputy director of the state’s Bureau of Securities Regulation, said Charles Howard pleaded guilty to one felony count of conspiracy to commit investment adviser fraud and one felony count of securities manipulation. Carolyn Howard pleaded guilty to one misdemeanor count of being an unlicensed investment adviser.
Howard was known as the “King of Bank Stocks” in New England during the 1980s when many private banks went public. The former Bedford resident had a $4 million mansion and luxury cars. He threw a birthday party for his wife in Paris paid for with commissions for trading bank stock among banks and their office holders.
Charles Howard’s sentencing will be set at a later date, to give him a chance to participate in the state’s investigation before being incarcerated, officials said.
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