Monday, March 01, 2010
Anatomy of a scam: Jamie Lake’s story
A Kingston securities dealer tells how he stole more than $600,000 from his clients.
Jamie P. Lake was surprised by how easy it was to commit the crime.
In a little more than two years, he stole more than $600,000 from 33 people. He didn’t use the threat of force or sneak into their homes in the middle of the night to swipe their belongings.
All he needed was a computer, a little knowledge of financial markets and a lot of trust.
Lake, 37, of Scranton, was the owner of JPL Financial Services in Kingston. A registered securities broker-dealer, he at one time had more than 100 clients...
Times-Leader: Anatomy of a scam: Jamie Lake’s story
Jamie P. Lake was surprised by how easy it was to commit the crime.
In a little more than two years, he stole more than $600,000 from 33 people. He didn’t use the threat of force or sneak into their homes in the middle of the night to swipe their belongings.
All he needed was a computer, a little knowledge of financial markets and a lot of trust.
Lake, 37, of Scranton, was the owner of JPL Financial Services in Kingston. A registered securities broker-dealer, he at one time had more than 100 clients...
Times-Leader: Anatomy of a scam: Jamie Lake’s story
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